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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $133.37
- 4 Days on Market
- MLS # : 14487944
- Updated Date : 12/19/2020 at 15:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,811 sqft
- Baths : 2 full , 1 half
Listing Agent
Carrasco Real Estate Co.
Listing Agent's Description
Bring in the new year with a new to you home located on the water! This incredible home has all the room you need with a popular open floor that is perfect for quarantining or entertaining, when safe. Located in the highly sought after Waterview Community, conveniently located near schools,shopping,major roadways & restaurants. Fresh designer paint throughout, vaulted ceilings, decorative lighting & split bedrooms, including one downstairs that can be used as an office or 5th bedroom, closet included. Large kitchen with island that opens into the spacious living room with a water view! Relax on your covered patio or grab your finishing poles walk a few steps to the pond. An absolute must see! HURRY!
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: Waterview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$898 | |
| Property Insurance | -$190 | |
| HOA | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$456
|
||
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.
$374,900
PROJECTED PRICE
$2,170
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.7% |
| 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
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
0.25
YEARS SAVED
$154
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,136
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
7817 Killarney Lane Rowlett, TX 3
- 5 beds 3 baths ∙ 2,811 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,811 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $2,170
- $0.77
-
7810 Kings Court Rowlett, TX 1
- 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,863 Sqft ∙ Built 2001
![property image]()
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,900
- $0.66
-
8117 Sawgrass Lane Rowlett, TX 2
- 5 beds 3 baths ∙ 2,835 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,835 Sqft ∙ Built 2001
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $2,000
- $0.71
-
7202 Bickers Drive Rowlett, TX 4
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
7813 Killarney Lane Rowlett, TX 5
- 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2002
![property image]()
LEASED 12/11/19- Rent
- Rent Per SQFT
- $2,400
- $0.84
PROPERTY LISTING DETAILS
Carrasco Real Estate Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487944
Last Updated: 12/19/2020
