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10213 Fairway Vista Drive Rowlett, TX 75089

4 Beds 4 Baths 4,399 sqft Built 2005

$423,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $96.16
  • 4 Days on Market
  • MLS # : 14497170
  • Updated Date : 01/16/2021 at 09:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,399 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Beautiful home backing to the golf course features a grand entry oil rubbed bronze fixtures, iron staircase, wood floors, granite in all bathrooms & kitchen, stone backsplash & fireplace, Plantation shutters Huge master with sitting area, fireplace, and custom closet system, gourmet kitchen with SS appliances, lots of light and views of the pool and golf course. Three bedrooms, media and game room complete the upstairs

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Villas at Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Villas at Waterview

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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$380,700$465,300$423,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,469
Property Tax -$1,020
Property Insurance -$281
HOA -$51
Property Management Fees -$99
CASH FLOW
-$101

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.

$423,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,845

INVESTMENT

$117,845

Down Payment
$105,750
Rehab Estimate
$5,750
Closing Costs
$6,345

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,469

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,750
Loan Amount $317,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,513

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $3,138

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$2,9953$3,0004$3,000
$3,000
RENT COMPS ANALYSIS
  • 10213 Fairway Vista Drive Rowlett, TX 1
    • 4 beds 4 baths ∙ 4,399 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,399 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.64
    •  
  • 10117 Waterview Parkway Rowlett, TX 2
    • 5 beds 4 baths ∙ 4,203 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,203 Sqft ∙ Built 2000
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.71
    •  
  • 10005 Huffines Drive Rowlett, TX 3
    • 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2006
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.70
    •  
  • 9714 October Glory Lane Rowlett, TX 4
    • 5 beds 4 baths ∙ 4,118 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,118 Sqft ∙ Built 2002
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.73
    •  
PROPERTY LISTING DETAILS
John Digiovanni
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497170
Last Updated: 01/16/2021
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