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1009 Ember Crest Drive Rockwall, TX 75087

5 Beds 5 Baths 3,951 sqft Built 2014

$484,900

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $122.73
  • 2 Days on Market
  • MLS # : 14509693
  • Updated Date : 01/30/2021 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,951 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Welcome to this well maintained home in the desirable Breezy Hill community that has it ALL! Pride in ownership shows throughout. This house has every upgrade offered through Megatel homes. It features 5 bedrooms, 4.5 bathrooms, media room, game room and a 3 car garage! One of the secondary bedrooms is located downstairs with an attached full bathroom. The kitchen has stainless steel appliances, granite counter tops, island and opens to the inviting living room. The NEW covered patio addition will be your favorite place to relax! All the upgrades you can imagine, plus a tankless water heater and more! Close to the community pool, park and playground! This is what you have been waiting for. A MUST SEE!!

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

Zip Code: 75087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
J. W. Williams Middle School Middle Regular 814 41 8
Rockwall High School High Regular 2,323 134 8

J. W. Williams Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 41
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$1,684
Property Tax -$873
Property Insurance -$255
HOA -$58
Property Management Fees -$99
CASH FLOW
$280

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.

$484,900

PROJECTED PRICE

$3,250

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$45,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,200

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2503$3,495
$3,495
RENT COMPS ANALYSIS
  • 1009 Ember Crest Drive Rockwall, TX 2
    • 5 beds 5 baths ∙ 3,951 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,951 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.82
    •  
  • 780 Bordeaux Drive Rockwall, TX 1
    • 4 beds 5 baths ∙ 3,728 Sqft ∙ Built 2015 4 beds 5 baths ∙ 3,728 Sqft ∙ Built 2015
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.79
    •  
  • 917 Pleasant View Drive Rockwall, TX 3
    • 6 beds 5 baths ∙ 4,192 Sqft ∙ Built 2015 6 beds 5 baths ∙ 4,192 Sqft ∙ Built 2015
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.83
    •  
PROPERTY LISTING DETAILS
Matthew Johns
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509693
Last Updated: 01/30/2021
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