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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $133.52
- 7 Days on Market
- MLS # : 14497804
- Updated Date : 01/11/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,172 sqft
- Baths : 3 full
Listing Agent
Mkv Real Estate, Llc
Listing Agent's Description
Welcome to an amazing home in a great location with nearby shopping, lake, walking & bike trails & easy access to major highways! This spacious home is perfect for a growing family! The gourmet kitchen offers a wrap around breakfast bar, lots of countertop space & cabinet storage. This open floor plan opens up to a cozy family room with fireplace. Home can offer 2 master bedrooms, one downstairs & one upstairs. The upstairs secluded master retreat has a full bath with vanity, tub, separate shower, and walk-in closet, also can be used as a study, game room, office, etc.
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: Lakecrest Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakecrest Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$694 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$163
|
||
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.
$290,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 12.9% |
| 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
$82,600
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
1.58
YEARS SAVED
$2,820
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,015
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
7205 Seascape Drive Rowlett, TX 2
- 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.82
-
2110 Garner Court Rowlett, TX 1
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1988
![property image]()
LEASED 12/29/19- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
2110 Windjammer Way Rowlett, TX 3
- 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1999
![property image]()
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
3318 Straits Court Rowlett, TX 4
- 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1988
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,905
- $0.89
-
3514 Lake Highlands Drive Rowlett, TX 5
- 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 1998
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
PROPERTY LISTING DETAILS
Mkv Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497804
Last Updated: 01/11/2021
