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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $128.82
- 2 Days on Market
- MLS # : 14493026
- Updated Date : 01/02/2021 at 10:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,561 sqft
- Baths : 2 full , 1 half
Listing Agent
Real Estate Reformation
Listing Agent's Description
Come and see the perfect family home. This 5 bedroom, 2.5 bath home has plenty of room for everyone. The master bedroom is downstairs and includes a luxurious bathroom with an oversized dual shower. The galley kitchen has ceramic tile, granite countertops, oversized cabinets, and a travertine backsplash. Send all of the kids upstairs where there is an extra living space and 4 bedrooms. The backyard has a diving pool, a spa, and plenty of yard left over for the kids and pets to play. There is plenty of shopping nearby and just minutes from Lake Ray Hubbard and George Bush Highway.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Springfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Springfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,217 |
| Property Tax | -$790 | |
| Property Insurance | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$29
|
||
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.
$329,900
PROJECTED PRICE
$2,310
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,174
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
4.67
YEARS SAVED
$19,161
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,247
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
6114 Tacoma Street Rowlett, TX 5
- 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,310
- $0.90
-
7813 Glenview Way Rowlett, TX 1
- 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
3420 Lily Lane Rowlett, TX 2
- 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,212 Sqft ∙ Built 1987
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,900
- $0.86
-
7402 Mazy Lane Rowlett, TX 3
- 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,211 Sqft ∙ Built 1995
LEASED 04/19/20- Rent
- Rent Per SQFT
- $1,950
- $0.88
-
7013 Tallowtree Drive Rowlett, TX 4
- 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997
LEASED 11/10/20- Rent
- Rent Per SQFT
- $2,200
- $0.94
PROPERTY LISTING DETAILS
Real Estate Reformation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493026
Last Updated: 01/02/2021
