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101 Highview Lane Rockwall, TX 75087

4 Beds 2 Baths 2,272 sqft Built 1988

$329,500

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $145.03
  • 3 Days on Market
  • MLS # : 14507375
  • Updated Date : 02/05/2021 at 18:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,272 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Only one block from Lake Ray Hubbard, this single story 4 bedroom, 2 bath home sits on a gracious corner lot with circle drive in an established neighborhood that boasts mature trees and easy access to SH 66. With two living areas, two dining areas, and a covered patio, this home is perfect for entertaining. I will have professional pictures next week.

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: Northshore

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Northshore

NeighborhoodNIR 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
 

$296,550$362,450$329,500

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,144
Property Tax -$593
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
$65

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.

$329,500

PROJECTED PRICE

$2,060

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,068

INVESTMENT

$93,068

Down Payment
$82,375
Rehab Estimate
$5,750
Closing Costs
$4,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,375
Loan Amount $247,125
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0604$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 101 Highview Lane Rockwall, TX 3
    • 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,272 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.91
    •  
  • 710 Geary Drive Rockwall, TX 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 100 Crestwood Drive Rockwall, TX 2
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1984
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 114 Teakwood Drive Rockwall, TX 4
    • 3 beds 3 baths ∙ 2,247 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,247 Sqft ∙ Built 1985
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1280 Highland Drive Rockwall, TX 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Barry Buchanan
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507375
Last Updated: 02/05/2021
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