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1702 Clydesdale Court Rowlett, TX 75088

4 Beds 3 Baths 2,422 sqft Built 1993

INVESTimate

$335,000

List Price

$1,920

$1,728 - $2,112

Rent Est.

$366,256  ( +9.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $138.32
  • 6 Days on Market
  • MLS # : 14417655
  • Updated Date : 08/21/2020 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,422 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Beautiful custom home on an oversized lot in the prestigious Dexham Estates, just minutes from Lake Ray Hubbard. With soaring ceilings, large windows for natural light, and big bedrooms and living areas, you can make this your forever home with some cosmetic updating. The large backyard features an open patio, tall privacy fence, storage shed, and lots of natural shade. Fenced in a private driveway with 3 car garage. Schedule your showing ASAP and view our online 3D tour from home.

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: Dexham Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $88k360k

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

Neighborhood: Dexham Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9452788

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,728$2,112$1,920

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,236
Property Tax -$802
Property Insurance -$167
Property Management Fees -$99
CASH FLOW
-$384

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.

$335,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.33%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,8954$1,9205$1,995
$1,995
RENT COMPS ANALYSIS
  • 1702 Clydesdale Court Rowlett, TX 4
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.79
    •  
  • 2805 David Drive Rowlett, TX 1
    • 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1985
    property image
    LEASED 03/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.82
    •  
  • 4026 David Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 1986
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 1821 Cartman Road Garland, TX 3
    • 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 2001
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 3918 Smartt Street Rowlett, TX 5
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1985
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
PROPERTY LISTING DETAILS
Austin Winans
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417655
Last Updated: 08/21/2020
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