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712 W Boydstun Avenue Rockwall, TX 75087

4 Beds 3 Baths 2,901 sqft Built 1981

$389,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
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

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: Highridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k349k

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

Neighborhood: Highridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262192

* 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
Virginia Reinhardt Elementary School Primary Regular 581 34 8
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall High School High Regular 2,323 134 8

Virginia Reinhardt Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 34
8
GreatSchools Rating

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

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
$2,250
1$2,2502$2,2953$2,2954$2,4805$2,500
$2,500
RENT COMPS ANALYSIS
  • 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
Matt Shomer
Pioneer Dfw Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492914
Last Updated: 01/02/2021
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