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4214 Cheyenne Drive Rowlett, TX 75088

3 Beds 3 Baths 1,789 sqft Built 1981

$265,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $148.13
  • 4 Days on Market
  • MLS # : 14506178
  • Updated Date : 01/28/2021 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,789 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad Brokerage, Llc

Listing Agent's Description

VACANT! Beautiful open and bright home in a great location! New roof! New electrical panel! Kitchen features freshly painted cabinets, gas cooktop, granite and stainless steel appliances including refrigerator. Sunroom off the kitchen. Large living with vaulted ceiling, wood beams and a wood burning fire place. New click and lock wood flooring. New carpet. Fresh paint inside. Oversized laundry with room for refrigerator or freezer. Master separate from secondary bedrooms. Master large freshly painted vanity and new granite in master bath. Guest bath new granite and freshly painted vanity. Minutes from George Bush. Tour today!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Lake Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k249k

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

Neighborhood: Lake Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451890

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$920
Property Tax -$635
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$95

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.

$265,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,675

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,807

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6803$1,6904$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 4214 Cheyenne Drive Rowlett, TX 3
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.94
    •  
  • 4102 Osage Drive Rowlett, TX 1
    • 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,714 Sqft ∙ Built 1977
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 3705 Southridge Drive Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1974
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.03
    •  
  • 3706 Skyline Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1968
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.09
    •  
  • 3005 David Drive Rowlett, TX 5
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 1986
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robert Jones
Offerpad Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506178
Last Updated: 01/28/2021
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