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7606 Swiss Way Rowlett, TX 75089

3 Beds 2 Baths 1,540 sqft Built 1980

$219,992

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $142.85
  • 3 Days on Market
  • MLS # : 14470748
  • Updated Date : 11/13/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

METICULOUSLY MAINTAINED 3 BEDROOM, 2 BATH HOME IN ROWLETT, GARLAND ISD!! SO MUCH POTENTIAL TO REMODEL TO YOUR TASTE! GREAT BONES IN THIS HOME! LARGE LIVING AREA WITH GAS LOG FIREPLACE! FORMAL DINING AND FORMAL DINING OR STUDY AREA! PERFECT KITCHEN WITH DOUBLE OVEN, BUILT IN MICROWAVE, EAT IN BREAKFAST AREA, AND TRAY CEILING! UPDATED SHOWER IN HALL BATHROOM WITH WHITE SUBWAY TILE, GLASS TILE AND GLASS DOOR! MASTER SUITE WITH SEPARATE VANITIES AND SHARED BATH AND HUGE WALK IN CLOSET! GORGEOUS CEDAR COVERED PATIO, DARK STAINED WOOD FENCE, AND STORAGE SHED WITH PLENTY OF ROOM TO ENTERTAIN!

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MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Aire Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k336k

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

Neighborhood: Country Aire Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10692171

* 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
 

$197,993$241,991$219,992

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$812
Property Tax -$527
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$44

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$219,992

PROJECTED PRICE

$1,510

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,048

INVESTMENT

$64,048

Down Payment
$54,998
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,998
Loan Amount $164,994
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,089

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,502

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5103$1,5994$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 7606 Swiss Way Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.98
    •  
  • 7501 Colfax Drive Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1993
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 8706 Willowbrook Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.93
    •  
  • 7306 Ridgeview Drive Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1978
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 7210 Gillon Drive Rowlett, TX 5
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1995
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aaron Morrow
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470748
Last Updated: 11/13/2020
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