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105 Crestbrook Drive Rockwall, TX 75087

4 Beds 4 Baths 4,108 sqft Built 2014

$499,500

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $121.59
  • 5 Days on Market
  • MLS # : 14471711
  • Updated Date : 11/18/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,108 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Incredible Drees Home with recent upgrades throughout! Immaculate 4 bdrm 4 bath home with extended custom covered patio with fireplace. Wood flooring greets you in the impressive foyer and flows through the formal dining, office, living and breakfast room. Kitchen with white cabinetry, double ovens and butlers pantry and desk. Master features showstopper bath with separate shower and vanities. Downstairs also has second bedroom with bath. Upstairs is perfect for fun with a large Gameroom, media room and separate craft or homeschooling room plus two spacious bedrooms and two baths. Plantation shutters recently installed as well as landscaping, new lighting fixtures, carpeting and much more!

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: Stone Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k436k

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

Neighborhood: Stone Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262998

* 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
 

$449,550$549,450$499,500

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 -$1,843
Property Tax -$899
Property Insurance -$265
HOA -$54
Property Management Fees -$99
CASH FLOW
$60

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.

$499,500

PROJECTED PRICE

$3,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$33,261

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
  • $0.78

    LIST RENT PER SQFT
  • $2,848

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$2,9954$3,220
$3,220
RENT COMPS ANALYSIS
  • 105 Crestbrook Drive Rockwall, TX 4
    • 4 beds 4 baths ∙ 4,108 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,108 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.78
    •  
  • 1980 Creekside Drive Rockwall, TX 1
    • 5 beds 5 baths ∙ 4,279 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,279 Sqft ∙ Built 2000
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 1350 Scarboro Hills Lane Rockwall, TX 2
    • 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2006
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.73
    •  
  • 1055 Pinehurst Drive Rockwall, TX 3
    • 4 beds 4 baths ∙ 4,400 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,400 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.68
    •  
PROPERTY LISTING DETAILS
Kimberly Garland
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471711
Last Updated: 11/18/2020
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