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805 Cauble Drive Fate, TX 75087

4 Beds 4 Baths 3,287 sqft Built 2005

INVESTimate

$359,900

List Price

$2,350

$2,115 - $2,585

Rent Est.

$374,332  ( +4.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $109.49
  • 4 Days on Market
  • MLS # : 14418842
  • Updated Date : 08/23/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,287 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Fantastic 4 bedroom, 3 and one half bath floor plan featuring 3 car garage, large open kitchen with breakfast bar, separate study with French doors, Master Suite with sitting area and private en suite bath, garden tub and large walk in closet and separate shower. Dedicated game room, media room and large backyard and gorgeous board on board fence! This Rockwall ISD home has it all!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Woodcreek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Billie Stevenson Elementary School Primary Unknown 526 35 NA
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall High School High Regular 2,323 134 8

Billie Stevenson Elementary School

  • Education Level: Primary
  • # of students: 526
  • # of teachers: 35
NA
GreatSchools Rating

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,328
Property Tax -$804
Property Insurance -$217
HOA -$47
Property Management Fees -$99
CASH FLOW
-$145

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.

$359,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,830

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,350

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,613

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,325
1$2,3252$2,3503$2,3504$2,4005$2,795
$2,795
RENT COMPS ANALYSIS
  • 805 Cauble Drive Fate, TX 3
    • 4 beds 4 baths ∙ 3,287 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,287 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.71
    •  
  • 204 Campbell Court Fate, TX 1
    • 4 beds 4 baths ∙ 2,970 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,970 Sqft ∙ Built 2013
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.78
    •  
  • 5629 Grove Cove Drive Mckinney, TX 2
    • 4 beds 3 baths ∙ 3,048 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,048 Sqft ∙ Built 2016
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 243 Thatcher Drive Fate, TX 4
    • 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2016
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.81
    •  
  • 119 Stevenson Drive Fate, TX 5
    • 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 2014
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Marti Thompson
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418842
Last Updated: 08/23/2020
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