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126 Liberty Lane Rockwall, TX 75032

4 Beds 4 Baths 3,245 sqft Built 1996

$475,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $146.38
  • 4 Days on Market
  • MLS # : 14507703
  • Updated Date : 01/28/2021 at 20:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,245 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Updated, Chandlers Landing, Greenbelt. Open and Bright Floorplan with a tree lined backyard. Spacious and beautifully designed kitchen with large island, coffee bar, wine fridge, walk in pantry, great storage. Modern Fixtures throughout, large study downstairs next to a full bath. Master Suite with private patio, the master bath features a freestanding tub, walk in shower, linen closet. A centrally located gameroom upstairs with 3 bedrooms, 2 full baths and a balcony overlooking the backyard. The sought after, gated neighborhood of Chandlers Landing features amenities of two pools, lake access, The Yacht Club, walking trails, tennis, parks and a playground. Search Address on YouTube for video.

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: Chandlers Landing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Chandlers Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262542

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,650
Property Tax -$855
Property Insurance -$215
HOA -$168
Property Management Fees -$99
CASH FLOW
-$487

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.

$475,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,620

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 126 Liberty Lane Rockwall, TX 4
    • 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,245 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
  • 2889 Newport Drive Rockwall, TX 1
    • 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 306 Victory Lane Rockwall, TX 2
    • 4 beds 4 baths ∙ 3,047 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,047 Sqft ∙ Built 2004
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 3015 Oak Drive Rockwall, TX 3
    • 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,070 Sqft ∙ Built 1995
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 225 Sovereign Court Rockwall, TX 5
    • 4 beds 3 baths ∙ 3,414 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,414 Sqft ∙ Built 1979
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Evan Matteson
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507703
Last Updated: 01/28/2021
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