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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $133.94
- 3 Days on Market
- MLS # : 14502007
- Updated Date : 01/29/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,359 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Beautiful 4 bedroom 3 and a half bath David Weekly home. Built in 2019. Master suite along with secondary bedroom are on the first floor. Home features an open concept throughout. This home has an office perfect for working from home. 2 additional bedrooms and media game room are located on the 2nd floor. Homestead at Liberty Grove community features walking trails, fishing pond, entertainment area, and a pool. Conveniently located near George Bush 190 allow for quick commutes for both Downtown Dallas and North Texas area.
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: Rowlett
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rowlett
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,260 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$1,077 | |
| Property Insurance | -$221 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$784
|
||
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.
$449,900
PROJECTED PRICE
$2,260
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$124,974
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
-0.17
YEARS SAVED
-$28
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,284
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
8606 Homestead Boulevard Rowlett, TX 3
- 4 beds 4 baths ∙ 3,359 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,359 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,260
- $0.67
-
6605 Driftwood Lane Rowlett, TX 1
- 4 beds 3 baths ∙ 3,191 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,191 Sqft ∙ Built 2001
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,125
- $0.67
-
6006 San Marino Drive Rowlett, TX 2
- 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 2004
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,150
- $0.69
-
9605 Pinehurst Drive Rowlett, TX 4
- 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2003
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,350
- $0.69
-
8517 Royal Montreal Drive Rowlett, TX 5
- 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
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502007
Last Updated: 01/29/2021
