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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $206.68
- 3 Days on Market
- MLS # : 14481343
- Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,572 sqft
- Baths : 2 full , 1 half
Listing Agent
Josh Deshong Real Estate, Llc
Listing Agent's Description
Welcome to your new Lake House or Lake Home. RARE FIND, this home backs right up to Lake Lewisville and Corps of Engineers managed property. This is a huge benefit, as the Corps of Engineers will help maintain and protect this area for years to come. As the homeowner, bring your kayak and canoe then enjoy the exclusive Lake Lifestyle right in your backyard. The home itself has been meticulously maintained and cared for. New roof and gutters is a feature anyone will appreciate. Comfortable layout, with a back porch overlooking the beauty of what you can soon own. Enjoy the same view from the Master Bedroom and Bathroom. Schedule a showing today!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Zip Code: 76208
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76208
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$563 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$229
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$324,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
1.67
YEARS SAVED
$4,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,955
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
528 Jay Street Shady Shores, TX 2
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
408 W Shady Oaks Circle Shady Shores, TX 1
- 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,246 Sqft ∙ Built 1997
![property image]()
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,695
- $1.36
-
3404 Evening Wind Road Denton, TX 3
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 2010
![property image]()
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,950
- $1.06
-
218 Harrison Court Shady Shores, TX 4
- 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 2005
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,300
- $1.31
PROPERTY LISTING DETAILS
Josh Deshong Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481343
Last Updated: 12/04/2020
