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10814 Waterview Parkway Rowlett, TX 75089

5 Beds 4 Baths 4,315 sqft Built 2001

INVESTimate

$515,000

List Price

$3,050

$2,800 - $3,300

Rent Est.

$544,304  ( +5.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $119.35
  • 8 Days on Market
  • MLS # : 14415352
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,315 sqft
  • Baths : 4 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

BIG entertaining spaces, beautiful swimming pool, outdoor living area, & media room sitting directly on the golf course! Don't miss this 5 bed, 4 bathroom home with a 3 car garage - the 5th bedroom is currently used as a Study. Kitchen offers an oversized island, window seating and bartop seating. This unique home offers stainless steel appliances, granite countertops, a gas stovetop and plenty of storage. Located in the desirable Waterview Community, you will be a short walk from the golf course AND Rowlett's best sports complex. Just down the street, enjoy the neighborhood water park. Take advantage of GISD choice of schools for some of the best school choices around the metroplex!

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: 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,745$3,355$3,050

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$1,900
Property Tax -$1,233
Property Insurance -$277
HOA -$56
Property Management Fees -$99
CASH FLOW
-$515

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.

$515,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.59%

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,078

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,0004$3,050
$3,050
RENT COMPS ANALYSIS
  • 10814 Waterview Parkway Rowlett, TX 4
    • 5 beds 4 baths ∙ 4,315 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,315 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.71
    •  
  • 10117 Waterview Parkway Rowlett, TX 1
    • 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 2
    • 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 3
    • 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
Zane Sipes
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415352
Last Updated: 08/19/2020
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