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

1458 Greenbrook Drive Rockwall, TX 75032

3 Beds 2 Baths 1,954 sqft Built 2001

INVESTimate

$235,000

List Price

$1,660

$1,494 - $1,826

Rent Est.

$258,899  ( +10.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $120.27
  • 6 Days on Market
  • MLS # : 14418398
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,954 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Don't miss out on this great property! Located in Rockwall near IH 30 and multiple shopping, dining, and entertainment options, this 3 bed 2 bath is the one you will want to call home. The interior boasts several open spaces in the floor plan making it great for entertaining. Additionally, it has a huge walk in pantry, wood floors, decorative lighting, tall ceilings, and beautiful wood panel walls located in secondary bedrooms and bath. Outside boasts great curb appeal, rear garage entry, covered back porch, mature trees to provide excellent shade, and more! Schedule your showing today before it's too late!!

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: Meadowcreek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Meadowcreek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Dorris A. Jones Elementary School Primary Regular 609 43 7
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall-heath High School High Regular 2,200 119 8

Dorris A. Jones Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 43
7
GreatSchools Rating

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$867
Property Tax -$423
Property Insurance -$140
Property Management Fees -$99
CASH FLOW
$131

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.

$235,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.17%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$26,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,656

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6604$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 1458 Greenbrook Drive Rockwall, TX 3
    • 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,954 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.85
    •  
  • 1524 Foxwood Lane Rockwall, TX 1
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 1507 Greenbrook Drive Rockwall, TX 2
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2001
    property image
    LEASED 11/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 1423 Greenbrook Drive Rockwall, TX 4
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2002
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 1504 Greenbrook Drive Rockwall, TX 5
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 2001
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
PROPERTY LISTING DETAILS
Brad Mckissack
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418398
Last Updated: 08/22/2020
BESbswy