Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

117 Maywood Rockwall, TX 75032

5 Beds 3 Baths 3,463 sqft Built 2004

$398,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $114.93
  • 2 Days on Market
  • MLS # : 14518412
  • Updated Date : 02/12/2021 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,463 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

ONLY FOR SALE! Rockwall ISD! Great Location! Minutes to Lake Ray Hubbard, I-30 Hwy, Restaurants, Shopping Centers and Hospitals. This Beautiful Home Has Been Very Well Kept; Its Bright and Clean Floor Plan Provides All the Space You Need. This Stunning Home Features 1st Floor Master Bedroom, 4 Bedrooms Upstairs, Open Study, Very Good Size Game Room, Pretty Wood Laminate Floors and Cozy Fireplace in Family Room. Relax in this Magnificent Master Suite with Garden Tub. Enjoy this Spacious Kitchen with Granite Counters-Bar, Breakfast Area, and Utility-Pantry. Fully Fenced Backyard Offers Privacy and Covered Patio is Perfect for Entertaining! Electric Gated Entrance to Backyard. Don't Miss this Great Home!

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: Lynden Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k320k

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

Neighborhood: Lynden Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262144

* 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
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8
Cain Middle School Middle Unknown NA

Cain Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
7
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating

Cain Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$358,200$437,800$398,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,382
Property Tax -$717
Property Insurance -$227
Property Management Fees -$99
CASH FLOW
-$135

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$398,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,493

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,2504$2,2905$3,500
$3,500
RENT COMPS ANALYSIS
  • 117 Maywood Rockwall, TX 4
    • 5 beds 3 baths ∙ 3,463 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,463 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.66
    •  
  • 708 Glenhurst Drive Rockwall, TX 1
    • 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.60
    •  
  • 1507 Walnut Ridge Drive Rockwall, TX 2
    • 5 beds 3 baths ∙ 3,349 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,349 Sqft ∙ Built 2002
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.60
    •  
  • 167 Southlake Drive Rockwall, TX 3
    • 5 beds 3 baths ∙ 3,474 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,474 Sqft ∙ Built 1999
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.65
    •  
  • 728 Windsong Lane Rockwall, TX 5
    • 4 beds 4 baths ∙ 3,407 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,407 Sqft ∙ Built 2003
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Karina Gonzalez
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518412
Last Updated: 02/12/2021
BESbswy