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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $143.02
- 7 Days on Market
- MLS # : 14486055
- Updated Date : 12/14/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,309 sqft
- Baths : 2 full , 1 half
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready March 2021! At the top of the Camden plan stairs, the game room is all about play. The primary suite boasts a master bath retreat. Creamy ember cabinets with speckled granite, taupe backsplash & tile, beige carpet, and cinnamon walnut vinyl in our Timeless package. Located just off President George Bush Tpke near Lake Ray Hubbard, Northaven features numerous amenities like a community center, greenbelt, and miles of trails. Known for their energy-efficient features, our homes help you live a healthier lifestyle while saving thousands on utility bills.
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 | $1,930 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$791 | |
| Property Insurance | -$161 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$391
|
||
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.
$330,223
PROJECTED PRICE
$1,930
PROJECTED RENT
0.58%
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
$89,509
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,556 |
| Loan Amount | $247,667 |
0.25
YEARS SAVED
$190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,968
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
7821 Chapman Circle Rowlett, TX 4
- 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,309 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $0.84
-
1613 Audrey Drive Garland, TX 1
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2001
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
3410 Knight Drive Rowlett, TX 2
- 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2008
![property image]()
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
7813 Glenview Way Rowlett, TX 3
- 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,273 Sqft ∙ Built 2008
![property image]()
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
4318 Constitution Drive Rowlett, TX 5
- 4 beds 2 baths ∙ 2,539 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,539 Sqft ∙ Built 2001
![property image]()
LEASED 07/31/19- Rent
- Rent Per SQFT
- $2,149
- $0.85
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486055
Last Updated: 12/14/2020
