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301 Valiant Drive Rockwall, TX 75032

4 Beds 3 Baths 2,770 sqft Built 1995

$450,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $162.45
  • 8 Days on Market
  • MLS # : 14472009
  • Updated Date : 11/22/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,770 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Chandlers Charmer, Beautifully Updated, Lakeviews. Bright Kitchen, natural light, stainless appls, Quartz Counters. Open floor plan with soaring ceilings in dining, living, vaulted in breakfast. Layout allows for excellent entertaining flow and maximizes use of sqft. Master Suite with Spa Inspired Bath, Shower features a foothold for shaving and seamless glass doors will be installed. 3 Secondary Bedrooms, one could function as a dual Guest Room or Home Office. Large Game room. Inviting Backyard with 2 Outdoor Living Spaces. Chandlers Landing is a Lakefront Resort Style Community with parks, walking trails, fishing ponds, tennis courts, playground, The Yacht Club. Search Address on YouTube for CINEMATIC VIDEO.

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: Chandlers Landing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Chandlers Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262542

* 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
Dorothy Smith Pullen Elementary School Primary Regular 610 39 7
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8

Dorothy Smith Pullen Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 39
7
GreatSchools Rating

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,660
Property Tax -$810
Property Insurance -$187
HOA -$153
Property Management Fees -$99
CASH FLOW
-$560

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.

$450,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,126

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1303$2,3504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 301 Valiant Drive Rockwall, TX 4
    • 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,770 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
  • 3111 Bourbon Street Circle Rockwall, TX 1
    • 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,651 Sqft ∙ Built 1991
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.70
    •  
  • 1823 Bristol Lane Rockwall, TX 2
    • 3 beds 3 baths ∙ 2,860 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,860 Sqft ∙ Built 1997
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.74
    •  
  • 2889 Newport Drive Rockwall, TX 3
    • 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,898 Sqft ∙ Built 1998
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.81
    •  
  • 306 Victory Lane Rockwall, TX 5
    • 4 beds 4 baths ∙ 3,047 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,047 Sqft ∙ Built 2004
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
PROPERTY LISTING DETAILS
Evan Matteson
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472009
Last Updated: 11/22/2020
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