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2369 Rosaline Drive Little Elm, TX 76227

4 Beds 2 Baths 1,872 sqft Built 2019

$288,500

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $154.11
  • 2 Days on Market
  • MLS # : 14513188
  • Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,872 sqft
  • Baths : 2 full
Listing Agent

Re/max Associates Of Arlington

Listing Agent's Description

Amazing home, less than 2 years 'new', kept to perfection& updated to meet the most discriminating buyer's expectations! Your entry is greeted by easy-care wood plank laminate floors leading past 4th bedroom, which makes the perfect home office for the work from home telecommuter, to the gourmet kitchen at the heart of the home w-beautiful granite c'tops, SS appliances & walk in pantry to delight the family chef! Kitchen opens to spacious dining area & inviting family room w-a wall of windows overlooking the pool sized backyard, great for the kids to run & play!! Split master suite w-oversized shower & a huge walk in closet. 2nd & 3rd bedrooms are split & share a common hall bath for your growing family needs!

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$259,650$317,350$288,500

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,002
Property Tax -$617
Property Insurance -$135
HOA -$35
Property Management Fees -$99
CASH FLOW
$82

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.

$288,500

PROJECTED PRICE

$1,970

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,203

INVESTMENT

$82,203

Down Payment
$72,125
Rehab Estimate
$5,750
Closing Costs
$4,328

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,002

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,125
Loan Amount $216,375
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,9703$1,9954$1,9955$2,050
$2,050
RENT COMPS ANALYSIS
  • 2369 Rosaline Drive Little Elm, TX 2
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.05
    •  
  • 1400 Acmite Avenue Cross Roads, TX 1
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 2019
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.00
    •  
  • 2424 Dolostone Drive Little Elm, TX 3
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 2018
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 2425 Evening Stone Drive Little Elm, TX 4
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 2019
    property image
    LEASED 01/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
  • 2321 Rosaline Drive Little Elm, TX 5
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2020
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.12
    •  
PROPERTY LISTING DETAILS
Dan Stafford
Re/max Associates Of Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513188
Last Updated: 02/06/2021
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