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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $128.85
- 4 Days on Market
- MLS # : 14490555
- Updated Date : 12/24/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,764 sqft
- Baths : 4 full , 1 half
Listing Agent
Re/max Select Homes
Listing Agent's Description
Beautiful, Mint Condition 4 CAR GARAGE!!! Megatel Home in gated Townsend Village* Built 2015* Open floor plan features high ceilings, coffered ceiling in study, living area and master w-views of the greenbelt behind the home* Gorgeous kitchen w-granite counters, shaker cabinets, large walk-in pantry & breakfast area* 4-4.5-4 CAR GARAGE * 3 Living Areas plus study* All bedrooms have private full baths & large closets* Media and Game room* Open & Impressive Entry with hardwoods* Certified Energy Star home, radiant barrier, tankless water heater, upgraded windows, gas in cooktop in kitchen, fireplace and outdoor grill* High end epoxy garage floor* full home water filter* Great Value* Bring Your Buyers & Offers!!
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
Zip Code: 75032
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75032
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,760 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$873 | |
| Property Insurance | -$245 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$324
|
||
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.
$485,000
PROJECTED PRICE
$2,760
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$134,275
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
1.5
YEARS SAVED
$5,401
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,760
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,371
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
1527 Trowbridge Circle Rockwall, TX 2
- 4 beds 5 baths ∙ 3,764 Sqft ∙ Built 2015 4 beds 5 baths ∙ 3,764 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,760
- $0.73
-
1531 Englewood Drive Rockwall, TX 1
- 5 beds 3 baths ∙ 3,548 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,548 Sqft ∙ Built 2000
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,250
- $0.63
PROPERTY LISTING DETAILS
Re/max Select Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490555
Last Updated: 12/24/2020
