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8809 Pheasant Run Drive Rowlett, TX 75089

3 Beds 2 Baths 1,470 sqft Built 1990

$211,300

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $143.74
  • 5 Days on Market
  • MLS # : 14468596
  • Updated Date : 11/12/2020 at 13:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Multiple offers received. Please send all offers or updated offers by Saturday 11-14-20 by 5:00pm. Superb Location!! George Bush and I-30 quick access. This home has great bones, just a few interior updates. Sellers have added maintenance free exterior siding, roof, hot water heater, HVAC, granite counter tops and SS dishwasher in Kitchen. Large Master suite with room for desk or sitting area, bath features separate tub and shower, all bedrooms feature walk-in closets. Great size patio, plenty of privacy with the 8 foot wood fence. Nice garage with new opener and 2 remotes, handyman will love the cabinets and built in shelves, extra parking with the added Carport over driveway. Must see!

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: Quail Glen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $97k336k

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

Neighborhood: Quail Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10372171

* 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
 

$190,170$232,430$211,300

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$780
Property Tax -$506
Property Insurance -$112
Property Management Fees -$99
CASH FLOW
$33

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.

$211,300

PROJECTED PRICE

$1,530

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$61,745

INVESTMENT

$61,745

Down Payment
$52,825
Rehab Estimate
$5,750
Closing Costs
$3,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$780

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,825
Loan Amount $158,475
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5303$1,5954$1,6205$1,650
$1,650
RENT COMPS ANALYSIS
  • 8809 Pheasant Run Drive Rowlett, TX 2
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.04
    •  
  • 7702 Park Lane Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1992
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.01
    •  
  • 8206 Yacht Club Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1986
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 8317 Spinnaker Cove Rowlett, TX 4
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1995
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.07
    •  
  • 8313 Liberty Lane Rowlett, TX 5
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1986
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
PROPERTY LISTING DETAILS
Virginia Monico
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468596
Last Updated: 11/12/2020
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