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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $204.60
- 2 Days on Market
- MLS # : 14519303
- Updated Date : 02/19/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,784 sqft
- Baths : 2 full
Listing Agent
Jg Real Estate, Llc
Listing Agent's Description
Nice house on 2.14 acres, the house is almost 1800sqft, it has 3 beds, 2baths, 2 living rooms, formal dining room, and huge garage. City water and sewage.
SEE MORE
- 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)
- # 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)
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 | $1,760 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$874 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$611
|
||
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.
$365,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.48%
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) | 8.00% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
-0.08
YEARS SAVED
-$11
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,802
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
7810 Princeton Road Rowlett, TX 4
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,760
- $0.99
-
7210 Gillon Drive Rowlett, TX 1
- 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
-
7802 Clairmont Avenue Rowlett, TX 2
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1986
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
8101 Courageous Drive Rowlett, TX 3
- 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 1985
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
7601 Maplewood Drive Rowlett, TX 5
- 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 2001
LEASED 03/14/20- Rent
- Rent Per SQFT
- $1,875
- $1.03
PROPERTY LISTING DETAILS
Jg Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519303
Last Updated: 02/19/2021
