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325 Valiant Drive Rockwall, TX 75032

3 Beds 3 Baths 2,144 sqft Built 1993

$360,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $167.91
  • 3 Days on Market
  • MLS # : 14535655
  • Updated Date : 03/20/2021 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

MULTIPLE OFFERS. BEST AND FINAL BY SUNDAY 3-21 AT 9AM. Custom 3,2 home in the gated, waterfront community of Chandlers Landing! Kitchen remodel featuring white cabinets & beautiful granite countertops. Formal dining and breakfast area offer plenty of room for entertaining. Family room is open to the kitchen and has vaulted ceilings. Master suite w stunning, updated master bath has gorgeous tile and marble, separate shower & tub and dual sinks. Upstairs is a 2nd living area, 2 more bedrooms & full bath. Relax out back on the covered deck beneath the trees. This home backs to a creek. Chandlers has something for everyone- greenbelts, parks, fishing ponds, community pool & tennis courts. 24 hour security.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8
Cain Middle School Middle Unknown NA

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

Cain Middle School

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

$324,000$396,000$360,000

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 -$1,250
Property Tax -$648
Property Insurance -$151
HOA -$169
Property Management Fees -$99
CASH FLOW
-$88

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.

$360,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,463

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
  • $1.04

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2303$2,2504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 325 Valiant Drive Rockwall, TX 2
    • 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,144 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.04
    •  
  • 3145 Bourbon Street Circle Rockwall, TX 1
    • 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,252 Sqft ∙ Built 1991
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 121 Sceptre Drive Rockwall, TX 3
    • 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,246 Sqft ∙ Built 1983
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 504 Mariner Drive Rockwall, TX 4
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1996
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.18
    •  
  • 5518 Australia Court Rockwall, TX 5
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 1994
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.10
    •  
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 #: 14535655
Last Updated: 03/20/2021
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