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6510 Rosebud Drive Rowlett, TX 75089

3 Beds 2 Baths 1,644 sqft Built 1995

$269,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $163.63
  • 4 Days on Market
  • MLS # : 14491426
  • Updated Date : 01/07/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Competitive Edge Realty Llc

Listing Agent's Description

Beautiful home in quiet neighborhood. Near shopping and entertainment. near Bay Side communities. Vaulted ceilings, Silestone countertops, wood burning fireplace, dual sinks in master bathroom, separate shower. Covered screened in deck with installed pet door perfect for outdoor gatherings

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Flower Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $118k249k

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

Neighborhood: Flower Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10531890

* 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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$934
Property Tax -$644
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
-$170

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.

$269,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5993$1,6304$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 6510 Rosebud Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.99
    •  
  • 6608 Gardenia Drive Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1987
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 6602 Gardenia Drive Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1987
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 6511 Gardenia Drive Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,631 Sqft ∙ Built 1995
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 6503 Violet Drive Rowlett, TX 5
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1994
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Samone Skinner
Competitive Edge Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491426
Last Updated: 01/07/2021
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