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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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$192,575
LOAN DETAILS
$2,601
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $176,250 |
| Loan Amount | $528,750 |
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
-
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
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14433568
Last Updated: 11/28/2020
