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8302 Chesham Drive Rowlett, TX 75088

3 Beds 2 Baths 1,748 sqft Built 1980

$229,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $131.52
  • 4 Days on Market
  • MLS # : 14507391
  • Updated Date : 01/28/2021 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,748 sqft
  • Baths : 2 full
Listing Agent

Flip Your House, Inc

Listing Agent's Description

ATTENTION ALL HOME BUYERS!! Here's your opportunity to own this beautiful home located in the highly sought after area of Rowlett. This wonderful home offers a nice open floor plan with soft warm colors through out. It has 3 large bedrooms, 2 large bathrooms and a 2 car garage. The home also offers a large living room with an open kitchen and dinning room that has lots of cabinets and custom builtins . You'll also enjoy the private back yard oasis that has a beautiful pool with covered patio, and with plenty of parking it's perfect for entertaining family and friends. This truly is a perfect family home located in a fantastic area and is just waiting for you and your family. This home won't last so call now!!

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: 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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$799
Property Tax -$576
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
$108

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.

$229,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.74%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$17,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,704

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,5953$1,6754$1,7105$1,850
$1,850
RENT COMPS ANALYSIS
  • 8302 Chesham Drive Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.98
    •  
  • 8213 Woodside Drive Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1980
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $0.95
    •  
  • 8409 Woodside Road Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1980
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 8113 Chesham Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1983
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.96
    •  
  • 8210 Chesham Drive Rowlett, TX 5
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1980
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Daniel Franklin
Flip Your House, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507391
Last Updated: 01/28/2021
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