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1013 Foxhall Drive Rockwall, TX 75087

4 Beds 5 Baths 4,341 sqft Built 2017

$705,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $162.40
  • 65 Days on Market
  • MLS # : 14433568
  • Updated Date : 11/28/2020 at 08:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,341 sqft
  • Baths : 3 full , 2 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

BACK ON MARKET DUE TO BUYER JOB LOSS! Gorgeous SMART HOME w TONS of EXTRAS! Impressive Foyer w Curved Stairs & Study w Pinterest Worthy Barn Doors! Master+ 1 BDRM Down. 2 BDRMS, Game RM & Media RM w Projection Screen upstairs. Exquisite Kitchen w Herringbone Tile, Butlers Pantry, DBL Ovens, SSteel Appl & Gas Cktop. Wood Flr & Plantation Shutters + SmartHome Compatible Electric Shades,Speakers & Fixtures! $100K+ Resort Style Bkyard wSunken Seating Area & Fire Pit. Travertine Pool Deck keeps feet cool in hot summer months! Smart Heated Pool! Control LED Pool Lights, Water Features, Fire Pots & Pool Thermostat wEase! 3 Car Garage w Epoxy Flr in DBL Garage, Custom Attic Lift & Ceiling Mounted Air Compressor + Power

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

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
Celia Hays Elementary School Primary Regular 505 35 8
Celia Hays Elementary School Middle Regular 505 35 8
Rockwall High School High Regular 2,323 134 8

Celia Hays Elementary School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 35
8
GreatSchools Rating

Celia Hays Elementary School

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 35
8
GreatSchools Rating

Rockwall High School

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

$634,500$775,500$705,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,601
Property Tax -$1,269
Property Insurance -$268
HOA -$58
Property Management Fees -$99
CASH FLOW
-$1,076

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.

$705,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$192,575

INVESTMENT

$192,575

Down Payment
$176,250
Rehab Estimate
$5,750
Closing Costs
$10,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,601

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $176,250
Loan Amount $528,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$43

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,820

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9953$2,9954$3,220
$3,220
RENT COMPS ANALYSIS
  • 1013 Foxhall Drive Rockwall, TX 4
    • 4 beds 5 baths ∙ 4,168 Sqft ∙ Built 2017 4 beds 5 baths ∙ 4,168 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.77
    •  
  • 1980 Creekside Drive Rockwall, TX 1
    • 5 beds 5 baths ∙ 4,279 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,279 Sqft ∙ Built 2000
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 1055 Pinehurst Drive Rockwall, TX 2
    • 4 beds 4 baths ∙ 4,400 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,400 Sqft ∙ Built 2005
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.68
    •  
  • 925 Mont Cascades Drive Rockwall, TX 3
    • 4 beds 4 baths ∙ 4,464 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,464 Sqft ∙ Built 2006
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.67
    •  
PROPERTY LISTING DETAILS
Rodney Holland
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14433568
Last Updated: 11/28/2020
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