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8214 Salzburg Drive Rowlett, TX 75089

4 Beds 3 Baths 2,778 sqft Built 2000

INVESTimate

$317,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$89,755

Investment Est.

$342,106 ( +7.92%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	8.71%
NOI	$10,772

15 YEAR
Yield	5.13%
Appreciation	4.28%
TOTAL RETURN	24.01%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 2000
Price/Sqft : $114.11
2 Days on Market
MLS # : 14415807
Updated Date : 08/25/2020 at 22:00

CONSTRUCTION

Beds : 4
Floor Size : 2,778 sqft
Baths : 2 full , 1 half

Listing Agent

Mike Mazyck Realty

Listing Agent's Description

Your next home awaits!! This charming 2 story with large trees sits on a spacious corner lot in a nice neighborhood. Granite counters, large kitchen island, updated Master and powder bathrooms, modern fixtures, wood floors in living areas and spacious game room. Backyard enclosed with a sturdy board-on-board fence. Roof replaced June 2018. When it's hot, you can simply walk across the street to the community pool! Great location provides quick access to Hwy 66 and GB Tollway, shopping and the lake!

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Lakewood Pointe

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

Neighborhood: Lakewood Pointe

* 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

GreatSchools Rating

Classical Center At Brandenburg Middle School

Education Level: Middle
# of students: 1,158
# of teachers: 64

GreatSchools Rating

Sachse High School

Education Level: High
# of students: 2,859
# of teachers: 159

GreatSchools Rating

FINANCIALS

Learn how to read this

$285,300$348,70000$317,000

PURCHASE PRICE

$2,070$2,53000$2,300

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,300
EXPENSES	Loan Payment	-$1,170
	Property Tax	-$759
	Property Insurance	-$188
	HOA	-$29
	Property Management Fees	-$99



CASH FLOW $56

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.

$317,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	7.92%
Maintenance Year (1-5)	8.00%
Vacancy	6.93%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$89,755

Down Payment	$79,250
Rehab Estimate	$5,750
Closing Costs	$4,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,170

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$79,250
Loan Amount	$237,750

See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$20,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,300
LIST RENT
$0.83
LIST RENT PER SQFT

$2,299
COMP ESTIMATED VALUE
$0.83
COMP AVG. RENT PER SQFT

Comps Range

$2,200

1$2,2002$2,2003$2,3004$2,3505$2,500

$2,500

RENT COMPS ANALYSIS

2,778
PROPERTY SQFT
$0.83
AVG RENT PER SQFT
$2,299
ESTIMATED VALUE
$2,300
LIST RENT

8214 Salzburg Drive Rowlett, TX 4

4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2000
Price

Price Per SQFT

$317,000

$114.11
7902 Munich Drive Rowlett, TX 1

4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2001
SOLD 03/21/20
Price

Price Per SQFT

$287,500

$100.17
7605 Providence Drive Rowlett, TX 2

4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005
SOLD 07/10/20
Price

Price Per SQFT

$304,900

$115.06
8401 Eagle Drive Rowlett, TX 3

4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,826 Sqft ∙ Built 1992
SOLD 06/02/20
Price

Price Per SQFT

$314,900

$111.43
6602 Valley Forge Drive Rowlett, TX 5

4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2002
SOLD 08/20/20
Price

Price Per SQFT

$324,500

$120.68

8214 Salzburg Drive Rowlett, TX 3

4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 2000
Rent

Rent Per SQFT

$2,300

$0.83
7113 Lynn Drive Rowlett, TX 1

4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1989
LEASED 10/16/19
Rent

Rent Per SQFT

$2,200

$0.80
7202 Bickers Drive Rowlett, TX 2

4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007
LEASED 06/08/20
Rent

Rent Per SQFT

$2,200

$0.83
3417 Chacon Creek Trail Celina, TX 4

4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2019
LEASED 01/15/20
Rent

Rent Per SQFT

$2,350

$0.84
7402 Dartmouth Drive Rowlett, TX 5

4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996
LEASED 11/05/19
Rent

Rent Per SQFT

$2,500

$0.84

PROPERTY LISTING DETAILS

Mike Mazyck
Mike Mazyck Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415807
Last Updated: 08/25/2020

8214 Salzburg Drive Rowlett, TX 75089

INVESTimate

$317,000

$2,300

$89,755

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Hillside Academy For Excel

Classical Center At Brandenburg Middle School

Sachse High School

FINANCIALS

$285,300$348,70000$317,000

$2,070$2,53000$2,300

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$317,000

$2,300

0.73%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,170

5.17

$20,232

$317,000

$114.11

$310,678

$111.84

COMPS RANGE

PRICE COMPS ANALYSIS

$2,300

$0.83

$2,299

$0.83

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS