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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $134.50
- 2 Days on Market
- MLS # : 14474707
- Updated Date : 11/21/2020 at 16:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,948 sqft
- Baths : 2 full
Listing Agent
Rogers Healy And Associates
Listing Agent's Description
A home full of love, taken care of by the ORIGINAL owners! Beautiful curb appeal w maintained landscaping. Welcomed in w a cozy formal living&dining area with engineered hardwoods. Kitchen boasts whitewashed oak cabinetry, granite countertops & elegant glass tile backsplash. Gas range stove w double oven--perfect mix for your holiday cooking! Cozy living rm w wood-burning fireplace makes the occasion complete! Primary bdrm w real woodplank accent wall & updated primary bthrm contains travertine tile counters & accents, white stone backsplash, & custom-built cabinets. Backyard greets you w mature trees, covered patio, w extended flagstone walkway to sit and drink your morning coffee. The perfect home awaits you!
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: The Peninsula
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Peninsula
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$967 |
| Property Tax | -$627 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$47
|
||
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.
$262,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 13.4% |
| 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
$75,180
LOAN DETAILS
$967
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,500 |
| Loan Amount | $196,500 |
5.33
YEARS SAVED
$17,378
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3817 Martha Lane Rowlett, TX 2
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,880
- $0.97
-
2110 Garner Court Rowlett, TX 1
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1988
LEASED 12/29/19- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
7921 Rice Drive Rowlett, TX 3
- 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1986
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,895
- $1.03
-
3318 Straits Court Rowlett, TX 4
- 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1988
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,905
- $0.89
-
3304 Auburn Drive Rowlett, TX 5
- 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,833 Sqft ∙ Built 1991
LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,945
- $1.06
PROPERTY LISTING DETAILS
Rogers Healy And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474707
Last Updated: 11/21/2020
