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LEWISVILLE GOLDMINE: 1970s GEM WITH $70K+ EQUITY PLAY!

Texas Property Listings
March 25, 2025•2 min read
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Serendipity Village -Lewisville TXWHOLESALE OPPORTUNITY ALERT!

What's up, real estate investors! I've got a SMOKING HOT opportunity in the Serendipity subdivision of Lewisville that you need to jump on ASAP.

THE NUMBERS BREAKDOWN:

Property Details:

  • 3 bed, 2 bath single-family home

  • 1,500 square feet of living space

  • Built in 1970

  • 0.179 acre lot

  • 1-car garage + 1-car carport (2 total parking spaces)

  • Purchase price: $293,000 ($195.33/sqft)

  • No pool

COMPS ANALYSIS:

Recent Sales in Serendipity (Last 4 Months):

  • 102 Bowling Green CIR: $230,000 ($200/sqft) - Smaller at 1,150 sqft

  • 537 Auburn DR: $330,000 ($211.27/sqft) - Similar at 1,562 sqft

  • 968 Huntington DR: $339,900 ($194.90/sqft) - Similar at 1,744 sqft

  • 228 Wildfire DR: $365,000 ($247.46/sqft) - Similar at 1,475 sqft, has pool

Average for Area:

  • Average sale price: $316,225

  • Median sale price: $334,950

  • Average price per sqft: $213.41

  • High ARV $368,000(838 Auburn Dr, Lewisville, TX 75067)

RENTAL POTENTIAL:

Current Rental Market in Serendipity:

  • Active rentals range from $2,295-$2,399/month

  • Recently rented properties: $2,100-$2,350/month

  • Average rental rate: $1.43/sqft

  • For this property size (1,500 sqft): Potential rent ~$2,145/month

AREA HIGHLIGHTS:

Location Benefits:

  • Lewisville 75067 - High-demand North Dallas suburb

  • Quick access to I-35E for Dallas commuters

  • Located near Lewisville Lake (major recreation area)

  • Close to Vista Ridge Mall (shopping destination)

  • Minutes from Medical City Lewisville hospital

  • Near multiple parks including Toyota of Lewisville Railroad Park

  • Strong school district (Lewisville ISD)

THE PLAY:

Option 1: Wholesale Flip Buy at $293K, quick cosmetic refresh (paint, fixtures, landscaping), target resale of $365K+ based on nearby comps with similar features. Potential profit: $45K-55K after holding costs and repairs.

Option 2: BRRRR Strategy Purchase at $293K, renovate to boost value to $375K-390K range, refinance, and hold as rental generating $2,100-2,500/month(112 Village dr renting at 2490 mo) . Even stronger cash flow potential with this lower purchase price.

Option 3: Value-Add Rental Purchase and immediately rent at market rates while making gradual improvements to increase rental value over time. Lower entry price means immediate positive cash flow.

WHY THIS DEAL WORKS:

  • INSTANT EQUITY - $27K under current list price

  • Property is now WELL BELOW average $/sqft for the neighborhood ($195.33 vs $213.41)

  • Larger square footage compared to some comps

  • Area shows strong sales-to-list ratio (98.7% average)

  • Properties selling quickly (69 days average)

  • Stable rental market with over 100% rental-to-list ratio

  • Perfect property size for both families and downsizers

  • Lewisville continues to see strong population growth and development

ACT FAST!

This property won't last long in this high-demand pocket of Lewisville - especially at this price point! Contact me NOW to lock in this deal before someone else does!

CONTACT:

JNA Dynamic Holdings

#WholesaleDeals #NorthDallasRealEstate #CashFlowKing #LewisvilleInvestment #BRRRRStrategy

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