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1917 Huron Drive Rockwall, TX 75087

3 Beds 3 Baths 2,376 sqft Built 2015

$429,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $180.93
  • 5 Days on Market
  • MLS # : 14455890
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mike Mazyck Realty

Listing Agent's Description

Welcome to the home of your dreams, on the shores of Lake Ray Hubbard, with amazing lake views. This beautiful home comes with a different view of the sunset every evening. Open living, dining, & kitchen featuring granite counters, double oven, & lg pantry. Custom entry, lighting & window treatments throughout most of home. Master suite upstairs with continued lake views, sitting area & master bath offering dual vanities, granite counters, jetted tub, separate shower, & lg walk in closet. 2nd story covered terrace with views of the lake. Two secondary bedrooms downstairs, with full bath, lg secondary living space, & storage below stairs. Split level back yard great for entertaining. Don’t pass this one up!

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: Lakeside Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Lakeside Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Virginia Reinhardt Elementary School Primary Regular 581 34 8
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall High School High Regular 2,323 134 8

Virginia Reinhardt Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 34
8
GreatSchools Rating

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,586
Property Tax -$774
Property Insurance -$165
HOA -$128
Property Management Fees -$99
CASH FLOW
-$542

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.

$429,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.6%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,1504$2,2105$2,399
$2,399
RENT COMPS ANALYSIS
  • 1917 Huron Drive Rockwall, TX 4
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.93
    •  
  • 3005 Preston Court Rockwall, TX 1
    • 3 beds 3 baths ∙ 2,194 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,194 Sqft ∙ Built 2014
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 673 Channel Ridge Drive Rockwall, TX 2
    • 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,374 Sqft ∙ Built 2002
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.91
    •  
  • 1968 Gullwing Drive Rockwall, TX 3
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2000
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.93
    •  
  • 1820 Bristol Lane Rockwall, TX 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.97
    •  
PROPERTY LISTING DETAILS
Mike Mazyck
Mike Mazyck Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455890
Last Updated: 10/30/2020
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