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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $167.22
- 5 Days on Market
- MLS # : 14495143
- Updated Date : 01/06/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,541 sqft
- Baths : 3 full
Listing Agent
Key Trek-cc
Listing Agent's Description
Relax in the lakeside community of Bayside on the shores of Lake Ray Hubbard. Walk along the lake on sunlit trails with peaceful views. Enjoy your pup at the community dog park. Bayside is convenient to a variety of shopping & dining with quick access to I-30. Charming single-story home with a cottage-style exterior! Sleek hardwood flooring! Stylish kitchen's large island with granite counters is open to a brightly lit dining area and great room - wonderful for large celebrations! Private Extra Suite with ensuite bath is perfect for guests. Formal dining room for elegant dining. Serene owner's luxury bath with separate tub and shower-perfect for relaxing! Two large covered porches! $42,900 in upgrades included!
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: Rowlett
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rowlett
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$1,018 | |
| Property Insurance | -$174 | |
| HOA | -$187 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,013
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$424,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| 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
$114,599
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
-0.33
YEARS SAVED
$1,599
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,865
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
7614 Coronado Drive Rowlett, TX 1
- 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,940
- $0.76
-
7707 Coronado Drive Rowlett, TX 2
- 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,488 Sqft ∙ Built 2019
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,500
- $1.00
-
7616 Redondo Drive Rowlett, TX 3
- 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2019
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,700
- $1.18
-
7528 Redondo Drive Rowlett, TX 4
- 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 2019
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,700
- $1.18
-
7637 Sunset Boulevard Rowlett, TX 5
- 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2019
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,750
- $1.15
PROPERTY LISTING DETAILS
Key Trek-cc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495143
Last Updated: 01/06/2021
