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511 Betchan Street 
Lake Dallas, TX
75065
4 Beds 2 Baths 1,892 sqft
Built 2020
INVESTimate
$339,900
List Price
$92,074
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $179.65
- 2 Days on Market
- MLS # : 14419403
- Updated Date : 08/24/2020 at 21:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,892 sqft
- Baths : 2 full
Listing Agent
Dmd Realty, Llc
Listing Agent's Description
Beautiful NEW CUSTOM Craftsman 1 STORY on large lot, blocks from Lakeview Marina on Lake Lewisville. High Efficiency 100% FOAM INSULATED! Elegant kitchen with huge island, upgraded 42 inch bead board cabinets, stainless appliances & granite counters. Open to large family room with corner fireplace, stone surround & reclaimed timber mantel. Family & Master offer 12 foot ceilings, crown moulding, numerous windows highlight backyard with covered patio & 6' fence. Master suite has barn door to private bath with large walk in tiled shower, separate freestanding tub and dual sinks; split bedrooms for privacy! Garage over-sized fits full size truck or SUV. Estimated completion October 2020
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 75065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$724 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$144
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$339,900
PROJECTED PRICE
$2,070
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.26% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$92,074
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
2.5
YEARS SAVED
$8,194
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,020
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
511 Betchan Street Lake Dallas, TX 3
- 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,070
- $1.09
-
517 Highpark Court Lake Dallas, TX 1
- 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,551 Sqft ∙ Built 2013
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,700
- $1.10
-
617 Grayson Lane Lake Dallas, TX 2
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2009
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,725
- $0.93
-
147 Nix Drive Hickory Creek, TX 4
- 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 2019
![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,095
- $1.12
-
122 Nix Drive Hickory Creek, TX 5
- 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $2,100
- $1.12
PROPERTY LISTING DETAILS
Dmd Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419403
Last Updated: 08/24/2020
