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3070 Winecup Lane Rockwall, TX 75032

3 Beds 2 Baths 1,461 sqft Built 1997

$249,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $171.05
  • 2 Days on Market
  • MLS # : 14539456
  • Updated Date : 03/27/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,461 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Professional pics coming soon. Super cute 3 bed, 2 bath home in Rockwall! Large family room with fireplace is open to the kitchen and breakfast area. Great location convenient to shopping and dining, schools or hop on I30 for a quick commute.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $114k320k

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

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10942144

* 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
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall-heath High School High Regular 2,200 119 8
Rockwall-heath High School High Unknown NA

Herman E. Utley Middle School

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

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$868
Property Tax -$450
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$321

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.

$249,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$41,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,855

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6453$1,8494$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 3070 Winecup Lane Rockwall, TX 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.27
    •  
  • 794 Sunflower Trail Rockwall, TX 1
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 2001
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.21
    •  
  • 137 Sequoia Road Rockwall, TX 2
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 2002
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.30
    •  
  • 3064 Winecup Lane Rockwall, TX 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1997
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.28
    •  
  • 116 Maywood Rockwall, TX 5
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2004
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.29
    •  
PROPERTY LISTING DETAILS
Kris Goggans
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539456
Last Updated: 03/27/2021
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