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4308 Rosser Square Dallas, TX 75244

2 Beds 2 Baths 1,229 sqft Built 1981

INVESTimate

$299,000

List Price

$1,910

$1,719 - $2,101

Rent Est.

$322,113  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $243.29
  • 5 Days on Market
  • MLS # : 14418941
  • Updated Date : 08/23/2020 at 23:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,229 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Well maintained garden home in the highly sought after Rosser Village. Updated with beautiful hardwood floors in the living area and hallway. The kitchen has white cabinets with granite counter tops and offers abundant storage. There are two bedrooms and two full bathrooms. The master bath has a walk in shower and large soaking tub and the added bonus of heated flooring. There is a private patio that is great for entertaining that includes a private backyard that is maintained by the HOA. Roof was recently replaced. Located in the middle of the community and walking distance to the pool and tennis court. Don't miss out on this one.

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: Rosser Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k302k

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

Neighborhood: Rosser Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451945

* 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
Tom C. Gooch Elementary School Primary Regular 289 23 4
Thomas C. Marsh Middle School Middle Regular 1,084 69 2
W. T. White High School High Regular 2,290 134 4

Tom C. Gooch Elementary School

  • Education Level: Primary
  • # of students: 289
  • # of teachers: 23
4
GreatSchools Rating

Thomas C. Marsh Middle School

  • Education Level: Middle
  • # of students: 1,084
  • # of teachers: 69
2
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,103
Property Tax -$709
Property Insurance -$98
HOA -$125
Property Management Fees -$99
CASH FLOW
-$224

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.

$299,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.55

    LIST RENT PER SQFT
  • $1,887

    COMP ESTIMATED VALUE
  • $1.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$2,2003$2,300
$2,300
RENT COMPS ANALYSIS
  • 4308 Rosser Square Dallas, TX 1
    • 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.55
    •  
  • 12626 High Meadow Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1975
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.41
    •  
  • 4216 Rosser Square Dallas, TX 3
    • 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,387 Sqft ∙ Built 1982
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.66
    •  
PROPERTY LISTING DETAILS
Dwight West
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418941
Last Updated: 08/23/2020
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