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3106 Chaha Road Rowlett, TX 75088

4 Beds 3 Baths 2,897 sqft Built 2002

$499,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $172.56
  • 6 Days on Market
  • MLS # : 14519939
  • Updated Date : 02/26/2021 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,897 sqft
  • Baths : 3 full
Listing Agent

Legacy Streets

Listing Agent's Description

BEST AND FINAL OFFER BY SUNDAY FEB. 28TH BY NOON. A rare find in Rowlett featuring a Gorgeous home on over a HALF ACRE. This special homesite has a large covered patio with a cozy fireplace and an outside kitchen for those summer family dinners. The side entry garage has 7 extra outside parking areas for leisure or extra family vehicles. The beautifully updated kitchen features gorgeous built-in china cabinets, granite, pot filler faucets, graphite appliances plus more. This gourmet kitchen opens to the family room and an oversized family-style eating area. The formal's features stunning finish out. The private oversized master has a separate jet tub and shower along with built-ins and a large

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: Rowlett

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Rowlett

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262404

* 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,736
Property Tax -$1,197
Property Insurance -$195
Property Management Fees -$99
CASH FLOW
-$977

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.

$499,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$50

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
  • $0.78

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0003$2,0954$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 3106 Chaha Road Rowlett, TX 5
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 2414 Brittany Drive Rowlett, TX 1
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2000
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.77
    •  
  • 4114 Pointe Loma Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 1997
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 4217 Pecan Grove Lane Rowlett, TX 3
    • 3 beds 2 baths ∙ 2,573 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,573 Sqft ∙ Built 1997
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.81
    •  
  • 4114 Baywatch Drive Rowlett, TX 4
    • 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 1995
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
Al Dalessandro
Legacy Streets
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519939
Last Updated: 02/26/2021
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