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119 Hampshire Lane Rockwall, TX 75032

4 Beds 3 Baths 3,912 sqft Built 1999

$314,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $80.50
  • 2 Days on Market
  • MLS # : 14468738
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,912 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Lovely Spacious Custom Kimball Hill Home in Lynden Park Estates, positioned on a Large Oversized lot at the end of a Cul de sac in Exemplary Rockwall ISD! Walking distance to stores, restaurants, churches & easy access to I-30. 4 Living, 4 Bedrooms, 2 Dining areas and Rear entry Garage Access. Grand Foyer entrance with Formals to the left and large lower living with gas log fireplace to the right. Study upstairs perfect for home office. Awesome Gameroom & builder bonus at original build. Updates include painting interior & exterior, 2012 & 2017 HVAC systems & 2017 Roof! The kitchen includes a gas range, breakfast bar and extra entertaining areas. Home may need new carpet and some updates but move-in ready!

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
Amanda Rochell Elementary School Primary Regular 571 40 5
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8

Amanda Rochell Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 40
5
GreatSchools Rating

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
 

$283,410$346,390$314,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,162
Property Tax -$567
Property Insurance -$253
Property Management Fees -$99
CASH FLOW
$329

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.

$314,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.77%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$51,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,641

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4103$3,195
$3,195
RENT COMPS ANALYSIS
  • 119 Hampshire Lane Rockwall, TX 2
    • 4 beds 3 baths ∙ 3,912 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,912 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.62
    •  
  • 130 Southampton Drive Rockwall, TX 1
    • 5 beds 3 baths ∙ 3,912 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,912 Sqft ∙ Built 1999
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.54
    •  
  • 837 Elgin Court Rockwall, TX 3
    • 4 beds 3 baths ∙ 3,949 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,949 Sqft ∙ Built 2006
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.81
    •  
PROPERTY LISTING DETAILS
Darlene Harrison
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468738
Last Updated: 11/14/2020
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