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8410 Carrie Lane Rowlett, TX 75089

5 Beds 3 Baths 3,897 sqft Built 2005

$415,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $106.49
  • 4 Days on Market
  • MLS # : 14506621
  • Updated Date : 01/28/2021 at 11:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,897 sqft
  • Baths : 2 full , 1 half
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Welcome to your gorgeous 5 bed-2.5 bath home with beautiful stone elevation, nestled in Rowlett's sought after Waterview community! 1st floor has engineered wood throughout, with formal dining & den that can be used as home office. Kitchen has granite countertops with large island, 48in cabinets for plenty of storage, & walk-in pantry! Cozy living room has tall ceilings and fireplace. Spacious 1st floor master bedroom has room for king size bed & seating area. Master bath has dual vanities, jetted tub, and his & her's closets! Wrought iron stair railings take you to open loft area overlooking 1st floor. 2nd floor also has 1 bed & 1 full bath. Upgraded pebble wash patio in backyard. Rowlett living at its best!

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: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262398

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,441
Property Tax -$994
Property Insurance -$252
HOA -$56
Property Management Fees -$99
CASH FLOW
-$143

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.

$415,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$8.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,777

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,7003$2,8004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 8410 Carrie Lane Rowlett, TX 2
    • 4 beds 3 baths ∙ 3,897 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,897 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.69
    •  
  • 8517 Royal Montreal Drive Rowlett, TX 1
    • 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,598 Sqft ∙ Built 2003
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.67
    •  
  • 9901 Oakmont Court Rowlett, TX 3
    • 4 beds 4 baths ∙ 3,788 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,788 Sqft ∙ Built 2003
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.74
    •  
  • 10117 Waterview Parkway Rowlett, TX 4
    • 5 beds 4 baths ∙ 4,203 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,203 Sqft ∙ Built 2000
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.71
    •  
  • 9714 October Glory Lane Rowlett, TX 5
    • 5 beds 4 baths ∙ 4,118 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,118 Sqft ∙ Built 2002
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.73
    •  
PROPERTY LISTING DETAILS
Glenn Ramilo
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506621
Last Updated: 01/28/2021
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