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3102 Blair Oak Drive Rowlett, TX 75089

5 Beds 4 Baths 3,174 sqft Built 2000

$365,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $115.00
  • 4 Days on Market
  • MLS # : 14463186
  • Updated Date : 11/05/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,174 sqft
  • Baths : 4 full
Listing Agent

Universal Realty. Inc

Listing Agent's Description

Beautiful home that has been updated with new laminate flooring, fresh paint and new fixtures to give it a modern touch. The HVAC system has been recently updated and the air ducts have been replaced also. Roof has been replaced this year with transferable warranty. Just minutes from George Bush turnpike and the Firewheel mall, this home boast 5 bedrooms, 4 full baths which would be perfect for someone in need of a lot of space. The large back yard would be perfect for pet owners. Come see this large, beautiful home today!

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: Springfield East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $122k325k

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

Neighborhood: Springfield East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262221

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,347
Property Tax -$874
Property Insurance -$211
Property Management Fees -$99
CASH FLOW
-$300

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.

$365,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0953$2,1994$2,2305$2,300
$2,300
RENT COMPS ANALYSIS
  • 3102 Blair Oak Drive Rowlett, TX 4
    • 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,174 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.70
    •  
  • 5602 San Marino Drive Rowlett, TX 1
    • 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 2003
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.64
    •  
  • 3110 Fair Oak Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.67
    •  
  • 6122 San Marino Drive Rowlett, TX 3
    • 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,916 Sqft ∙ Built 2001
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.75
    •  
  • 2302 Wellesly Road Rowlett, TX 5
    • 5 beds 3 baths ∙ 3,387 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,387 Sqft ∙ Built 1994
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.68
    •  
PROPERTY LISTING DETAILS
Peter Phouthavong
Universal Realty. Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463186
Last Updated: 11/05/2020
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