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749 Thousand Oaks Drive Lake Dallas, TX 75065

4 Beds 3 Baths 2,455 sqft Built 1995

$355,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $144.97
  • 5 Days on Market
  • MLS # : 14525974
  • Updated Date : 03/03/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,455 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Exceptional 4 bedroom, 2.5 bathroom home with a pool on an oversized corner lot! Prepare a delicious meal in the pristine kitchen that offers new paint, a charming kitchen nook, tons of counter space, and an open living room. Relax in the grand living room perfect for entertaining guests showcasing towering ceilings and a wood-burning fireplace with glass tile surround. Nothing compares to the comfortable primary suite that offers new paint and en-suite bathroom features dual sinks, a deep garden tub, and a large walk-in closet. Make lasting memories in this great backyard with a pool and waterfall feature! Great wooded trails in Thousand Oaks Park. Convenient to I-35E and Lewisville Lake Bridge.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Thousand Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8872171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Shady Shores Elementary School Primary Regular 520 38 6
Lake Dallas Middle School Middle Regular 941 65 7
Lake Dallas High School High Regular 1,275 79 6

Shady Shores Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 38
6
GreatSchools Rating

Lake Dallas Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 65
7
GreatSchools Rating

Lake Dallas High School

  • Education Level: High
  • # of students: 1,275
  • # of teachers: 79
6
GreatSchools Rating
 

$320,310$391,490$355,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,236
Property Tax -$758
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
-$413

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$355,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,064

INVESTMENT

$100,064

Down Payment
$88,975
Rehab Estimate
$5,750
Closing Costs
$5,339

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,975
Loan Amount $266,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$150

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,850

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8504$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 749 Thousand Oaks Drive Lake Dallas, TX 4
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 4304 Windmill Hill Circle Corinth, TX 1
    • 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2005
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 512 Grayson Lane Lake Dallas, TX 2
    • 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,152 Sqft ∙ Built 2006
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 113 Dogwood Trail Shady Shores, TX 3
    • 5 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003 5 beds 2 baths ∙ 2,205 Sqft ∙ Built 2003
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 307 Wallford Lane Lake Dallas, TX 5
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2000
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525974
Last Updated: 03/03/2021
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