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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $154.19
- 7 Days on Market
- MLS # : 14475910
- Updated Date : 11/23/2020 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,432 sqft
- Baths : 2 full
Listing Agent
Fathom Realty Llc
Listing Agent's Description
WOW! Location, Location, Location! Minutes from Lake Ray Hubbard, with lake views on the opposite side of the street, this home features it all! With your very own, oasis in the backyard, the pool and spa and outdoor patio area are PERFECT for entertaining! Recent interior updates include custom shiplap walls, Shiplap dark stained vaulted ceilings in the breakfast nook, new tile wood flooring and much more! The updated, open concept kitchen feeds right into to primary living headquarters, and also feeds into the wet bar and secondary living space! The Large and spacious master bedroom, feeds into the newly remodeled master bathroom with separate bath and walk in shower! Hurry!! This home will not last long!!!!
SEE MORE
- . 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: 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 | $1,900 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$898 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$648
|
||
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.
$375,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.51%
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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
-0.08
YEARS SAVED
-$3
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,921
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
3606 Faulkner Drive Rowlett, TX 1
- 3 beds 2 baths ∙ 2,432 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,432 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,900
- $0.78
-
4214 Cedar Creek Drive Garland, TX 2
- 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1977 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 1977
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,960
- $0.82
-
2414 Brittany Drive Rowlett, TX 3
- 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 4
- 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 5
- 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
PROPERTY LISTING DETAILS
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475910
Last Updated: 11/23/2020
