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5701 Willowbrook Drive Rowlett, TX 75088

4 Beds 3 Baths 2,600 sqft Built 2020

$399,200

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $153.54
  • 2 Days on Market
  • MLS # : 14497686
  • Updated Date : 01/16/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Sparkling Pool! Gorgeous one-story custom home in Rowlett with a pool!! Four bedroom, three baths,- one bedroom can be additional master, or can be private office. Big secondary bedrooms. Kitchen showcases a huge island, gas stove, decorative cabinet fronts, and is light and bright. Large family room with lots of window, and gas-starter fireplace and varied-color flame feature. Beautiful, contemporary colors, including luxury plank tile floors. Covered porch, big patio around the pool plus an area of lawn. Home sits high off of the street for charming curb appeal. Only 20 min to downtown Dallas. Close to I30, I90, Hwy 66, Lake Ray Hubbard, marinas, shopping, dining, medical. Make this stunning home yours!!

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: Dalrock Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Dalrock Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
 

$359,280$439,120$399,200

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,387
Property Tax -$956
Property Insurance -$177
Property Management Fees -$99
CASH FLOW
-$949

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$399,200

PROJECTED PRICE

$1,670

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 3.00%
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-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$107,788

INVESTMENT

$107,788

Down Payment
$99,800
Rehab Estimate
$2,000
Closing Costs
$5,988

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,800
Loan Amount $299,400
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,9003$1,9504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 5701 Willowbrook Drive Rowlett, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.64
    •  
  • 7910 Wilmington Drive Rowlett, TX 2
    • 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2004
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 6213 Richmond Drive Rowlett, TX 3
    • 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 2001
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 7202 Bickers Drive Rowlett, TX 4
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 3417 Chacon Creek Trail Celina, TX 5
    • 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2019
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.84
    •  
PROPERTY LISTING DETAILS
Vicky Chesna
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497686
Last Updated: 01/16/2021
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