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6406 Debbie Circle Rowlett, TX 75089

3 Beds 2 Baths 1,774 sqft Built 1991

$264,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $149.32
  • 3 Days on Market
  • MLS # : 14535254
  • Updated Date : 03/18/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Refind Realty Inc.

Listing Agent's Description

Well maintained 3 bedroom- 2 bath home in a quiet neighborhood with large open floorplan, floor-to-ceiling fireplace, and updates galore. Kitchen updates: tile floor, paint, light fixtures, and glass cabinets fronts More updates include; tile and like wood floors throughout (no carpet). Great garage with workshop, sink, shelves & workbench. Minutes to Firewheel Mall.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Springfield

NeighborhoodNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k249k

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

Neighborhood: Springfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10951890

* 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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$920
Property Tax -$634
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
-$3

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.

$264,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$10,588

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,6954$1,7805$1,795
$1,795
RENT COMPS ANALYSIS
  • 6406 Debbie Circle Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.00
    •  
  • 6702 Livingstone Street Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1991
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
  • 6801 Trumpet Drive Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1993
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
  • 6503 Violet Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1994
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 2507 Thistle Lane Rowlett, TX 5
    • 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 1993
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Steve Thomas
Refind Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535254
Last Updated: 03/18/2021
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