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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $154.69
- 1 Days on Market
- MLS # : 14532656
- Updated Date : 03/13/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,200 sqft
- Baths : 2 full , 1 half
Listing Agent
Texas Premier, Realtors
Listing Agent's Description
Beautiful exclusive estate! Life at this home is like resort living! Home is situated on 3 large lots with upper deck for viewing Majesty. Pool features a cabana with built in kitchen-half bath. Large open living-dining kitchen. Den is huge, large enough for true family relaxing -office. It could easily have two masters only the downstairs master has a joined huge bath. Carpet has just been installed in den and upstairs bedrooms. Slate flooring throughout living and dining areas - master!!. All the latest colors. Drive up is amazing and a true joy to all the neighbors who enjoy walking by looking at the beautiful landscape. You have to see this house to believe it! Entertaining is so fun here! NO HOA!
SEE MORE
- 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: Toler Bay Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Toler Bay Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$1,185 | |
| Property Insurance | -$212 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$746
|
||
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.
$495,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
-0.08
YEARS SAVED
-$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,328
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
3400 Oxford Drive Rowlett, TX 5
- 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,470
- $0.77
-
3102 Westshore Drive Rowlett, TX 1
- 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1995
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,995
- $0.69
-
4114 Baywatch Drive Rowlett, TX 2
- 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
-
4323 Kettering Drive Garland, TX 3
- 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,156 Sqft ∙ Built 2002
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,295
- $0.73
-
1405 Sunscape Way Garland, TX 4
- 5 beds 3 baths ∙ 3,170 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,170 Sqft ∙ Built 2002
LEASED 02/04/21- Rent
- Rent Per SQFT
- $2,400
- $0.76
PROPERTY LISTING DETAILS
Texas Premier, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14532656
Last Updated: 03/13/2021
