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7617 Gillon Drive 
Rowlett, TX
75089
4 Beds 3 Baths 2,930 sqft
Built 1994
INVESTimate
$289,900
List Price
$82,574
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $98.94
- 3 Days on Market
- MLS # : 14419983
- Updated Date : 08/25/2020 at 09:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,930 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
Former model home! This home has a massive game room and bar off of the family that opens to the kitchen and nook. Formal living and dining with wood laminate floors and beautiful touches throughout. New flooring and paint in most of the home. 4BRs up but the master retreat is huge! Separate tub and shower and double vanities in master bath. Large secondary bedroom and one has been converted to a large closet. Landscaped backyard with storage shed, open patio, and above ground pool. Backs up to greenbelt area for complete privacy. Close to Waterview development and Lake Ray Hubbard, shopping and choice of schools. Will go quick!
SEE MORE
- . 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: Princeton Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Princeton Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$694 | |
| Property Insurance | -$197 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$161
|
||
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.
$289,900
PROJECTED PRICE
$2,220
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
7.17
YEARS SAVED
$29,388
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,498
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
7617 Gillon Drive Rowlett, TX 2
- 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,220
- $0.76
-
7202 Bickers Drive Rowlett, TX 1
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
7813 Killarney Lane Rowlett, TX 3
- 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002
LEASED 12/11/19- Rent
- Rent Per SQFT
- $2,400
- $0.84
-
7402 Dartmouth Drive Rowlett, TX 4
- 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996
LEASED 11/05/19- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
8718 Columbia Drive Rowlett, TX 5
- 4 beds 3 baths ∙ 3,102 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,102 Sqft ∙ Built 1994
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,800
- $0.90
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419983
Last Updated: 08/25/2020
