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457 Rockshire Drive Sunnyvale, TX 75182

4 Beds 5 Baths 3,930 sqft Built 2011

$575,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $146.31
  • 3 Days on Market
  • MLS # : 14481712
  • Updated Date : 12/05/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,930 sqft
  • Baths : 4 full , 1 half
Listing Agent

Alicia Trevino International

Listing Agent's Description

Wonderful Cal-Atlantic home ready for a new family to entertain in! This home is nestled in the beautiful Villages of Stoney Creek Gated Community. Homes offers 2 living areas, 2 dining areas, a beautiful kitchen with 42-inch cabinets, and granite countertops lots of space opens to den with wood-burning fireplace. Walkout to the backyard with an oversized covered patio with gas hookups perfect home to entertain in! Luxury master bedroom down with a huge bathroom that features separate tub and shower, and separate his and her closet! Not to mention an oversized 3 car garage with tons of parking and newer epoxy flooring! This is a Must See!!

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: Stoney Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k499k

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

Neighborhood: Stoney Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263257

* 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
Sunnyvale Elementary School Primary Regular 596 34 8
Sunnyvale Middle School Middle Regular 480 28 8
Sunnyvale High School High Regular 442 34 7

Sunnyvale Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 34
8
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 28
8
GreatSchools Rating

Sunnyvale High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 34
7
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,122
Property Tax -$1,241
Property Insurance -$231
HOA -$108
Property Management Fees -$99
CASH FLOW
-$620

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.

$575,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,419

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,180
1$3,1802$3,500
$3,500
RENT COMPS ANALYSIS
  • 457 Rockshire Drive Sunnyvale, TX 1
    • 4 beds 5 baths ∙ 3,525 Sqft ∙ Built 2011 4 beds 5 baths ∙ 3,525 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $0.90
    •  
  • 286 Morning Fog Lane Sunnyvale, TX 2
    • 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Alicia Trevino
Alicia Trevino International
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481712
Last Updated: 12/05/2020
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