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10409 Huffines Drive Rowlett, TX 75089

5 Beds 4 Baths 4,274 sqft Built 2005

INVESTimate

$448,000

List Price

$2,980

$2,730 - $3,230

Rent Est.

$473,491  ( +5.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $104.82
  • 6 Days on Market
  • MLS # : 14415377
  • Updated Date : 08/22/2020 at 13:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,274 sqft
  • Baths : 4 full
Listing Agent

Ready Real Estate

Listing Agent's Description

Beautiful home located in the Waterview subdivision of Rowlett on a golf course lot (13th Fairway)! EXTRA LARGE patio with built-in Grill with Granite Countertop. Home is loaded w upgrades! Wood floors throughout. 1st-floor master suite and study for remote working. Recently remodeled kitchen with Gas Stove, Farmhouse Sink, SS Faucet, & Appliances. Upstairs offers multiple bedrooms and two have private bathrooms. Game Room and Media room for entertaining Energy Saving spray foam insulation in the attic, Amerimax Replacement Windows in Master Suite. Roof Replaced with Solar Powered Roof Vents in 2015. Community amenities include Waterpark, Tennis Courts, Playgrounds, clubhouse and stocked ponds to enjoy.

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

Neighborhood: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262398

* 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
 

$403,200$492,800$448,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$1,653
Property Tax -$1,073
Property Insurance -$274
HOA -$56
Property Management Fees -$99
CASH FLOW
-$175

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.

$448,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.69%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $3,049

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$2,9953$3,0004$3,000
$3,000
RENT COMPS ANALYSIS
  • 10409 Huffines Drive Rowlett, TX 1
    • 5 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $0.70
    •  
  • 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
Charles Van Heusen
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415377
Last Updated: 08/22/2020
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