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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $147.81
- 4 Days on Market
- MLS # : 14499896
- Updated Date : 01/29/2021 at 09:01
CONSTRUCTION
- Beds : 5
- Floor Size : 3,112 sqft
- Baths : 3 full
Listing Agent
Strahan Realty
Listing Agent's Description
MULTIPLE OFFERS RECEIVED!! DEADLINE SATURDAY 12PM Jan 30, 2021 Perfection! This home has been completely remodeled w stunning results. Home offers 5 bds with master and 5th bdrm down (currently used as study) w connecting beautifully updated bath. Plantation shutters. Gorgeous tilework in kit. Reclaimed wood used throughout from 100 year old cow farm to create custom floating shelves in lvg, beam in formal dining, brkfst bar, vent hood over stove and more. Stunning walk in pantry with built in cabinets and shelving. Beautifully updated lighting and custom valances throughout. Impressive master bdrm w striking ensuite master bath and updated closet.
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
Neighborhood: Dexham Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dexham Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$1,102 | |
| Property Insurance | -$207 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$814
|
||
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.
$460,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
-0.17
YEARS SAVED
-$30
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,168
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
1813 Palomino Drive Rowlett, TX 3
- 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,112 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,200
- $0.71
-
3102 Westshore Drive Rowlett, TX 1
- 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,995
- $0.69
-
1222 Mackey Street Garland, TX 2
- 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,919 Sqft ∙ Built 2001
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,100
- $0.72
-
2302 Wellesly Road Rowlett, TX 4
- 5 beds 3 baths ∙ 3,387 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,387 Sqft ∙ Built 1994
LEASED 08/05/19- Rent
- Rent Per SQFT
- $2,300
- $0.68
PROPERTY LISTING DETAILS
Strahan Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499896
Last Updated: 01/29/2021
