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917 Fenimore Drive Lewisville, TX 75077

3 Beds 3 Baths 2,793 sqft Built 1995

$359,999

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $128.89
  • 4 Days on Market
  • MLS # : 14466297
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,793 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Free Llc

Listing Agent's Description

Gorgeous 2-story with beautiful brick elevation and mature trees! Inside you will find 3 bedrooms, 2.5 baths, formal living and dining areas, huge upstairs game room, and 2-car garage! Upgrades and amenities throughout include towering family room ceilings, decorative lighting fixtures, cozy gas log fireplace, brand new carpeting upstairs, neutral paint tones, and MORE! Gourmet kitchen boasts granite countertops with a tumbled stone backsplash, SS appliances, gas range, and spacious nook. Private master suite features his and hers sinks, garden tub, frameless shower, and walk-in closet. Large backyard and spacious open patio area on the side of the home are great for entertaining!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Neighborhood: Park Valley

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Park Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262178

* 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
Degan Elementary School Primary Regular 650 41 5
Huffines Middle School Middle Regular 842 59 4
Lewisville High School High Regular 1,987 117 5

Degan Elementary School

  • Education Level: Primary
  • # of students: 650
  • # of teachers: 41
5
GreatSchools Rating

Huffines Middle School

  • Education Level: Middle
  • # of students: 842
  • # of teachers: 59
4
GreatSchools Rating

Lewisville High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 117
5
GreatSchools Rating
 

$323,999$395,999$359,999

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,328
Property Tax -$621
Property Insurance -$189
Property Management Fees -$99
CASH FLOW
-$127

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.

$359,999

PROJECTED PRICE

$2,110

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $269,999
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,304

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1103$2,1504$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 917 Fenimore Drive Lewisville, TX 2
    • 3 beds 3 baths ∙ 2,793 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,793 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.76
    •  
  • 1001 Columbia Drive Lewisville, TX 1
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 1998
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 1104 Taylor Lane Lewisville, TX 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1997
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 1217 Ottawa Lane Lewisville, TX 4
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 1997
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 1281 Michael Avenue Lewisville, TX 5
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1996
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466297
Last Updated: 11/08/2020
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