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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $122.99
- 4 Days on Market
- MLS # : 14507903
- Updated Date : 01/29/2021 at 10:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,845 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Rockwall
Listing Agent's Description
Wonderful 4-bedroom home in Lakeview Summit. Versatile layout with second living, formal dining and game room. Spacious living area featuring high ceilings and gas log fireplace. Open kitchen with stainless steel appliances, tile backsplash, center island, and breakfast area. Master suite with en-suite bath, dual sinks, jetted tub, separate shower, and huge walk-in. Cover patio overlooks large backyard with stained wood fence with steel posts. Close to shopping and dining. Don't miss this one!
SEE MORE
- . 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: Lakeview Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeview Summit
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$630 | |
| Property Insurance | -$192 | |
| HOA | -$26 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$92
|
||
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.
$349,900
PROJECTED PRICE
$2,070
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.25
YEARS SAVED
$9,557
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,162
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1288 Stanford Drive Rockwall, TX 1
- 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,070
- $0.73
-
449 Sausalito Drive Rockwall, TX 2
- 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 2003
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,100
- $0.69
-
1354 Calistoga Drive Rockwall, TX 3
- 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2002
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.78
-
1285 Shores Boulevard Rockwall, TX 4
- 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1997
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,210
- $0.77
-
565 Lone Rider Court Rockwall, TX 5
- 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 2006
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,300
- $0.80
PROPERTY LISTING DETAILS
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507903
Last Updated: 01/29/2021
