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1527 Trowbridge Circle Rockwall, TX 75032

4 Beds 5 Baths 3,764 sqft Built 2015

$485,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
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

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

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k348k

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

Zip Code: 75032

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262288

* 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
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,760
$2,760
RENT COMPS ANALYSIS
  • 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
Michael Gaule
Re/max Select Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490555
Last Updated: 12/24/2020
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