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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $145.36
- 3 Days on Market
- MLS # : 14474005
- Updated Date : 11/20/2020 at 15:55
CONSTRUCTION
- Beds : 4
- Floor Size : 2,745 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Beautiful revamped home located on an oversized corner lot! The property features freshly painted light gray walls, updated carpet, hand scraped hardwood floors, and decorative ceramic tile in the laundry and two bathrooms. Extra lighting throughout the home has been added which gives the home a brighter feel. All light fixtures have been replaced and updated including ceiling fans in each room. This home also includes a huge bonus room upstairs. Home is located in Rockwall ISD and is minutes from restaurants, shopping, and downtown Rockwall.
SEE MORE
- 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: Dalton Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dalton Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$718 | |
| Property Insurance | -$186 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$254
|
||
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.
$399,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
1.67
YEARS SAVED
$5,365
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,512
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2919 Painted Pony Lane Rockwall, TX 2
- 4 beds 2 baths ∙ 2,745 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,745 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $2,250
- $0.82
-
1494 Red Wolf Drive Rockwall, TX 1
- 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 2006
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,000
- $0.81
-
1136 Hidden Lakes Way Rockwall, TX 3
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 2009
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,400
- $0.98
-
1036 Shady Lane Drive Rockwall, TX 4
- 5 beds 3 baths ∙ 2,801 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,801 Sqft ∙ Built 2016
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
109 Crestbrook Drive Rockwall, TX 5
- 3 beds 4 baths ∙ 2,579 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,579 Sqft ∙ Built 2013
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,600
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474005
Last Updated: 11/20/2020
