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184 Yorkshire Drive Heath, TX 75032

4 Beds 5 Baths 3,465 sqft Built 2011

$699,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $201.73
  • 3 Days on Market
  • MLS # : 14508699
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,465 sqft
  • Baths : 4 full , 1 half
Listing Agent

Regal, Realtors

Listing Agent's Description

Perfectly updated home in Stoneleigh on a prime lot! Large backyard backs up to a greenbelt, enjoy the saltwater pool and outdoor living with a beautiful view! New interior paint throughout, completely remodeled kitchen with quartz countertops, farmhouse sink, and built in beverage fridge. Formal dining and kitchen with breakfast nook is connected by butlers pantry to create the perfect atmosphere for entertaining! Modern farmhouse feel with wood beams on vaulted living room ceiling and large stone fireplace. Master bedroom and guest bedroom downstairs; 2 bedrooms, and game room with an amazing flex space attached. Perfect for workout room, office, or oversized play room! This house has it all!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Stoneleigh

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k700k

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

Neighborhood: Stoneleigh

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264050

* 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
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8
Cain Middle School Middle Unknown NA

Cain Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
7
GreatSchools Rating

Rockwall-heath High School

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

Cain Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,428
Property Tax -$1,251
Property Insurance -$227
HOA -$50
Property Management Fees -$99
CASH FLOW
-$745

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.

$699,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.4%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,280

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,1954$3,310
$3,310
RENT COMPS ANALYSIS
  • 184 Yorkshire Drive Heath, TX 4
    • 4 beds 5 baths ∙ 3,465 Sqft ∙ Built 2011 4 beds 5 baths ∙ 3,465 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $0.96
    •  
  • 121 Stoneleigh Drive Heath, TX 1
    • 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 2002
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 2073 Fm 740 Heath, TX 2
    • 4 beds 3 baths ∙ 3,172 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,172 Sqft ∙ Built 2002
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 2073 Trophy Drive Heath, TX 3
    • 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2017
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.97
    •  
PROPERTY LISTING DETAILS
Shelly Ruggiano
Regal, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508699
Last Updated: 02/05/2021
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