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1355 Clubhill Drive Rockwall, TX 75087

4 Beds 3 Baths 2,805 sqft Built 1998

$389,500

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $138.86
  • 2 Days on Market
  • MLS # : 14481995
  • Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,805 sqft
  • Baths : 2 full , 1 half
Listing Agent

Savvy Way Realty, Inc

Listing Agent's Description

Completely Updated Solar Home that has 39 Panels in The Shores neighborhood. Three month old roof, Granite Kitchen, Stainless GE Profile appliances, 4 bedrooms, 2 1.2 baths, Master suite downstairs, 3 bedrooms and Game room upstairs, Privacy fence, vaulted ceilings, Wrought Iron staircase, new paint inside and outside, walk in closets, finished garage with 18 foot door, 2 access points to the attic, one inside and one in the garage. Formal Living and Dining room. New flooring throughout the home. Custom light fixtures throughout the home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Hillside

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Hillside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262856

* 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
Grace Hartman Elementary School Primary Regular 609 35 9
Grace Hartman Elementary School Middle Regular 609 35 9
Rockwall High School High Regular 2,323 134 8

Grace Hartman Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 35
9
GreatSchools Rating

Grace Hartman Elementary School

  • Education Level: Middle
  • # of students: 609
  • # of teachers: 35
9
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$350,550$428,450$389,500

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,437
Property Tax -$701
Property Insurance -$189
HOA -$62
Property Management Fees -$99
CASH FLOW
-$329

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.

$389,500

PROJECTED PRICE

$2,160

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$108,968

INVESTMENT

$108,968

Down Payment
$97,375
Rehab Estimate
$5,750
Closing Costs
$5,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,437

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,375
Loan Amount $292,125
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,167

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2003$2,2104$2,2755$2,300
$2,300
RENT COMPS ANALYSIS
  • 1355 Clubhill Drive Rockwall, TX 1
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.77
    •  
  • 940 Shores Boulevard Rockwall, TX 2
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 1998
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 1285 Shores Boulevard Rockwall, TX 3
    • 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1997
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.77
    •  
  • 1758 Bay Watch Drive Rockwall, TX 4
    • 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.76
    •  
  • 1405 Shores Boulevard Rockwall, TX 5
    • 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,941 Sqft ∙ Built 1997
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
PROPERTY LISTING DETAILS
Will Puente
Savvy Way Realty, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481995
Last Updated: 12/05/2020
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