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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dalrock Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
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
-
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
Flip Your House, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507391
Last Updated: 01/28/2021
