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1192 Livorno Rockwall, TX 75032

4 Beds 3 Baths 2,843 sqft Built 2021

$449,051

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $157.95
  • 3 Days on Market
  • MLS # : 14513656
  • Updated Date : 02/06/2021 at 09:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,843 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14513656 - Built by Altura Homes - June completion! ~ Step into the open layout floorplan of your dreams.. with 12' ceilings through the living area, a massive family room, and upstairs game room, this home feels grand the second you walk inside! Custom-made white cabinets, granite countertops, and subway tile backsplash make the kitchen a focal point of the home, while a stone fireplace completes the stunning family room. Upgraded wood-look vinyl flooring runs throughout the living spaces. Come see this home before it is gone!

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

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k348k

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

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262288

* 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
Ouida Springer Elementary School Primary Regular 660 43 6
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8

Ouida Springer Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 43
6
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
 

$404,146$493,956$449,051

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$1,560
Property Tax -$808
Property Insurance -$191
HOA -$55
Property Management Fees -$99
CASH FLOW
$196

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$449,051

PROJECTED PRICE

$2,910

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
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$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$120,999

INVESTMENT

$120,999

Down Payment
$112,263
Rehab Estimate
$2,000
Closing Costs
$6,736

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,263
Loan Amount $336,788
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$39,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,9103$2,995
$2,995
RENT COMPS ANALYSIS
  • 1192 Livorno Rockwall, TX 2
    • 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.02
    •  
  • 1712 Bertino Way Mclendon Chisholm, TX 1
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2017
    property image
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 1543 Intessa Court Mclendon Chisholm, TX 3
    • 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.16
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513656
Last Updated: 02/06/2021
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