Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8106 Kensington Drive Rowlett, TX 75088

4 Beds 3 Baths 2,365 sqft Built 2016

$349,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.95
  • 2 Days on Market
  • MLS # : 14492782
  • Updated Date : 01/02/2021 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,365 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Plano

Listing Agent's Description

Stunning Home with a Second Master, Balcony, Covered Patio, Outdoor Kitchen, Pool, a Covered Front Porch, and more! This Modern Farmhouse beauty has a Gourmet Kitchen with a Grand Kitchen Island, Stainless Steel Appliances, and Granite Countertop. Beautiful Floors throughout the Dining, Kitchen, Living Room, Stairs, and Second Master upstairs. Great Natural Sunlight with Multiple Windows all throughout the home! This Gem has a Walk-In Master Closet with Custom Shelves, Beautiful Bathrooms, Custom built Utility room, Mud Room, and a Huge Backyard Oasis! It is located just minutes away from the Rockwall Harbor, Lake Ray Hubbard, Restaurants, and Walking distance to the Elementary School!

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Dalrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k249k

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

Neighborhood: Dalrock Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10691890

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,291
Property Tax -$838
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$452

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$349,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$80

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9004$1,9405$1,950
$1,950
RENT COMPS ANALYSIS
  • 8106 Kensington Drive Rowlett, TX 4
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.82
    •  
  • 7702 Harbor Drive Rowlett, TX 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 4606 Clearlake Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1997
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 7910 Wilmington Drive Rowlett, TX 3
    • 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,305 Sqft ∙ Built 2004
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 6213 Richmond Drive Rowlett, TX 5
    • 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,371 Sqft ∙ Built 2001
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mehwish Noorani
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492782
Last Updated: 01/02/2021
BESbswy