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4110 Baystone Court Rowlett, TX 75088

4 Beds 3 Baths 3,357 sqft Built 1995

$349,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $104.23
  • 3 Days on Market
  • MLS # : 14480578
  • Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,357 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Dream location w touches of Magnolia throughout! Large master suite offers a sitting area & spacious bathroom w jetted garden tub. Oversize secondary bedrooms all upstairs. Bright open kitchen features large walk in pantry, contrasting island & desk nook. Huge living room windows look out to the custom covered patio & pool. Diving pool features heat pump, hot tub, waterfall, & premium pebble surface. 25x18 game room w dual sliding glass doors can combine w the covered carport for an indoor-outdoor entertainment space. Rear carport behind remote security gate offers privacy & security. This home is on a cul de sac just minutes from PGBTP & I-30 getting you almost anywhere in the metroplex in no time!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Baywatch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k305k

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

Neighborhood: Baywatch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262128

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,291
Property Tax -$838
Property Insurance -$221
Property Management Fees -$99
CASH FLOW
-$109

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,522

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,340

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,451

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,2954$2,340
$2,340
RENT COMPS ANALYSIS
  • 4110 Baystone Court Rowlett, TX 4
    • 4 beds 3 baths ∙ 3,357 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,357 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.70
    •  
  • 4114 Baywatch Drive Rowlett, TX 1
    • 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
    •  
  • 1414 Sunscape Way Garland, TX 2
    • 4 beds 3 baths ∙ 3,134 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,134 Sqft ∙ Built 2002
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $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
    •  
PROPERTY LISTING DETAILS
Shannon Haury
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480578
Last Updated: 12/04/2020
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