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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $134.09
- 3 Days on Market
- MLS # : 14492914
- Updated Date : 01/02/2021 at 06:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,901 sqft
- Baths : 3 full
Listing Agent
Pioneer Dfw Realty, Llc
Listing Agent's Description
Large updated single story home in prime location on over a quarter acre. 4 bedrooms and three full baths all with oversized closets. High end wood floors recently installed and the kitchen boasts quartz counters and high end SS appliances. Large living room opens to kitchen and the home has huge windows throughout for great natural light. One of the secondary bedrooms has an attached full bath and is large enough to be a second master, MIL suite or used as a game room. Living room has brick fireplace with raised hearth, wet bar & bookcase. Master has dual vanity rooms & separate walk-in closets plus access to patio. Great lake views from backyard, extra parking for boat or RV and a electric gate for privacy.
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: Highridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,480 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$700 | |
| Property Insurance | -$195 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$389,000
PROJECTED PRICE
$2,480
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.2% |
| 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
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
5.42
YEARS SAVED
$27,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,517
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
712 W Boydstun Avenue Rockwall, TX 4
- 4 beds 3 baths ∙ 2,901 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,901 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,480
- $0.85
-
309 Dartbrook Rockwall, TX 1
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1985
![property image]()
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
303 Summit Ridge Drive Rockwall, TX 2
- 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 1971 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 1971
![property image]()
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,295
- $0.85
-
214 Glenn Avenue Rockwall, TX 3
- 3 beds 4 baths ∙ 2,650 Sqft ∙ Built 1981 3 beds 4 baths ∙ 2,650 Sqft ∙ Built 1981
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $2,295
- $0.87
-
203 Woodpark Lane Rockwall, TX 5
- 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 1985
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.92
PROPERTY LISTING DETAILS
Pioneer Dfw Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492914
Last Updated: 01/02/2021
