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1369 Lakeview Drive 
Southlake, TX
76092
4 Beds 4 Baths 3,873 sqft
Built 1986
INVESTimate
$724,900
List Price
$197,849
REQUEST INFO
SCHEDULE APPOINTMENT
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $187.17
- 3 Days on Market
- MLS # : 14417897
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,873 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Mike Bowman, Inc.
Listing Agent's Description
UPDATED CUSTOM 4-3.1-3, STUDY, 3 LIVING, FORMAL DINING, 2 WBFP W GAS STARTERS,GUNITE DIVING POOL & SPA ON A PRIVATE, SECLUDED ACRE AND HALF! CROSS TIMBER HILLS! 17 SEER HVAC-2010-2015,ADDED RETURNS & VENTS + RADIATE BARRIER. AVG. ELECTRIC BILL $110 A MO. KITCHEN UPDATED WITH GRANITE, SS, VENTAHOOD, 5 BURNER GAS COOKTOP, CONVECTION OVENS. LUXURY PLANK VINYL DOWNSTAIRS, EXCEPT BEDROOMS & BATHS. CARPET REPLACED UPSTAIRS AND IN GUEST BEDROOM DOWN. HAND TURNED IRON SPINDLES ON STAIRS. BALCONY OFF OF BEDROOM AND HALL UPSTAIRS, NEW. LIBRARY W SHELVES UPSTAIRS. JACK & JILL BATH,TWO BEDROOMS UP. SKYLIGHTS AND LG WINDOWS FOR BRIGHT HOME. FRESH PAINT,GRANITE IN MASTER BATH & GUEST BATH. SAUNA IN MASTER. TRAVERTINE FLRS.
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
Neighborhood: Cross Timber Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Timber Hills
* 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 | $4,500 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$1,463 | |
| Property Insurance | -$251 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$724,900
PROJECTED PRICE
$4,500
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.52% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,849
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,225 |
| Loan Amount | $543,675 |
4.58
YEARS SAVED
$40,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,500
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$4,541
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
1369 Lakeview Drive Southlake, TX 4
- 4 beds 4 baths ∙ 3,873 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,873 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $4,500
- $1.16
-
1700 Water Lily Drive Southlake, TX 1
- 4 beds 4 baths ∙ 3,550 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,550 Sqft ∙ Built 1999
LEASED 05/13/20- Rent
- Rent Per SQFT
- $4,250
- $1.20
-
700 Dover Place Southlake, TX 2
- 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 1994 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 1994
LEASED 06/15/20- Rent
- Rent Per SQFT
- $4,350
- $1.07
-
206 Bob O Link Southlake, TX 3
- 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,699 Sqft ∙ Built 1997
LEASED 07/01/20- Rent
- Rent Per SQFT
- $4,500
- $1.22
-
301 Lovegrass Lane Southlake, TX 5
- 5 beds 4 baths ∙ 4,063 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,063 Sqft ∙ Built 1996
LEASED 05/28/20- Rent
- Rent Per SQFT
- $4,890
- $1.20
PROPERTY LISTING DETAILS
Century 21 Mike Bowman, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417897
Last Updated: 08/25/2020
