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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $143.25
- 4 Days on Market
- MLS # : 14499533
- Updated Date : 01/15/2021 at 09:50
CONSTRUCTION
- Beds : 4
- Floor Size : 1,815 sqft
- Baths : 2 full
Listing Agent
Base Realty
Listing Agent's Description
***MULTIPLE OFFERS RECEIVED, PLEASE SUBMIT HIGHEST AND BEST BY 5:00pm JANUARY 16, 2021***** This Beautiful 4 bedroom home in Rockwall is a MUST SEE!! Walk in to an open living area with new vinyl plank flooring throughout the living, dining and kitchen area. This home features a large spacious kitchen, 4 bedrooms, and 2 baths. New paint and updated lighting fixtures throughout the home! Backyard is perfect for hosting with saint Augustine grass, fire pit and citronella lanterns mounted in the trees! There are also two beautiful Japanese maple trees, one in the front yard and one outside the dining room window. Great neighborhood with no HOA and Amazing Rockwall Heath Schools.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Lynden Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lynden Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$468 | |
| Property Insurance | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$68
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$260,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
5.92
YEARS SAVED
$17,530
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,779
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
215 Dartmouth Drive Rockwall, TX 2
- 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,670
- $0.92
-
128 Sequoia Road Rockwall, TX 1
- 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2003
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.95
-
292 Beech Drive Rockwall, TX 3
- 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 2002
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
172 Pinion Lane Rockwall, TX 4
- 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2001
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,795
- $1.04
-
156 Sequoia Road Rockwall, TX 5
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2002
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,950
- $1.03
PROPERTY LISTING DETAILS
Base Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499533
Last Updated: 01/15/2021
