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132 Rock Dove Godley, TX 76058

3 Beds 3 Baths 2,632 sqft Built 2021

$386,416

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $146.81
  • 5 Days on Market
  • MLS # : 14489766
  • Updated Date : 12/25/2020 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,632 sqft
  • Baths : 2 full , 1 half
Listing Agent

All Cities Realty

Listing Agent's Description

NEW CONSTRUCTION : Lakeside Estates by CARNEGIE HOMES ! One acre lots, NO HOA & minutes from the Chisolm Trail Tollway for easy commuting. The Cottonwood floorplan (Elevation C) features 3 beds, 2 full baths & powder bath, 2 dining, open concept living plus a Home office-Flex room AND 3 Garage spaces !!!! Upgrades include a mud room with bench, SS appliances, Shaker cabinets & one basin sink in kitchen, prestige granite & backsplash, covered patio, fireplace and more. Decorator colors, bullnose corners, sprinklered yards, radiant barrier, low E windows and gutters are standard in this neighborhood. Check out this new subdivision in Johnson County, TX Special builder incentives available for buyers

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: Skyline Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $76k243k

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

Neighborhood: Skyline Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8401734

* 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
Caddo Grove Elementary School Primary Regular 625 41 5
Loflin Middle School Middle Regular 811 52 6
Joshua Ninth Grade Campus High Regular 391 29 7

Caddo Grove Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 41
5
GreatSchools Rating

Loflin Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 52
6
GreatSchools Rating

Joshua Ninth Grade Campus

  • Education Level: High
  • # of students: 391
  • # of teachers: 29
7
GreatSchools Rating
 

$347,774$425,058$386,416

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,426
Property Tax -$926
Property Insurance -$179
Property Management Fees -$99
CASH FLOW
-$60

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.

$386,416

PROJECTED PRICE

$2,570

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$104,400

INVESTMENT

$104,400

Down Payment
$96,604
Rehab Estimate
$2,000
Closing Costs
$5,796

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,426

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,604
Loan Amount $289,812
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,632

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,570
$2,570
RENT COMPS ANALYSIS
  • 132 Rock Dove Godley, TX 2
    • 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.98
    •  
  • 9313 Alabama Street Joshua, TX 1
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2007
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Alfred Domingues
All Cities Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489766
Last Updated: 12/25/2020
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