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

130 Brockway Drive Rockwall, TX 75032

3 Beds 2 Baths 1,274 sqft Built 1987

$215,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $168.76
  • 4 Days on Market
  • MLS # : 14495390
  • Updated Date : 01/09/2021 at 21:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,274 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. HIGHEST & BEST DUE BY NOON, MONDAY JANUARY 11. SUBMIT OFFERS TO JSHANNON@KW.COM. This home gives you 3 beds, 2 baths, and a 2-car garage at the best value in Rockwall ISD. Less than 1.5 miles from I-30 with quick access to great shopping and restaurants. House has been well maintained with solid surface flooring throughout kitchen, living room, and secondary bedrooms. Eat-in kitchen with bay window. Beautiful, mature trees on the lot. Backyard has shed with electrical connections.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Windmill Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $102k336k

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

Neighborhood: Windmill Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10512171

* 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
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$747
Property Tax -$387
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$296

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.

$215,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$37,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6004$1,6305$1,695
$1,695
RENT COMPS ANALYSIS
  • 130 Brockway Drive Rockwall, TX 4
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.28
    •  
  • 205 Mapleridge Drive Rockwall, TX 1
    • 3 beds 1 baths ∙ 1,164 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,164 Sqft ∙ Built 1986
    property image
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.31
    •  
  • 128 Brockway Drive Rockwall, TX 2
    • 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,234 Sqft ∙ Built 1987
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
  • 158 Brockway Drive Rockwall, TX 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1985
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.26
    •  
  • 111 Oakridge Drive Rockwall, TX 5
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1986
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.23
    •  
PROPERTY LISTING DETAILS
Patty Turner
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495390
Last Updated: 01/09/2021
BESbswy