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8813 Bayshore Lane Rowlett, TX 75088

4 Beds 3 Baths 2,108 sqft Built 1994

INVESTimate

$239,000

List Price

$1,770

$1,593 - $1,947

Rent Est.

$264,119  ( +10.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $113.38
  • 7 Days on Market
  • MLS # : 14415883
  • Updated Date : 08/25/2020 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,108 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Beautiful open-concept home close to Lake Ray Hubbard, schools, parks, and shopping. All sides masonry and mature landscaping create impressive curb appeal. The living room as updated lighting, crown molding, and a brick fireplace. Two dining areas with a chandelier and wainscotting in the formal. The kitchen is a great size and features dual sinks, a walk-in pantry, a breakfast bar, and a full set of appliances. The master suite has a recessed and vaulted ceiling, a see-through fireplace, garden tub, separate shower, and walk-in closet. The covered patio looks out to the private yard making it a great place to dine outside and entertain guests.

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: Lakeshore Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Lakeshore Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Cullins-lake Pointe Elementary School Primary Regular 764 52 5
J. W. Williams Middle School Middle Regular 814 41 8
Rockwall High School High Regular 2,323 134 8

Cullins-lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 52
5
GreatSchools Rating

J. W. Williams Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 41
8
GreatSchools Rating

Rockwall High School

  • Education Level: High
  • # of students: 2,323
  • # of teachers: 134
8
GreatSchools Rating
 

$215,100$262,900$239,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$882
Property Tax -$501
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$139

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.

$239,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,110

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8003$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 8813 Bayshore Lane Rowlett, TX 1
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.84
    •  
  • 4606 Clearlake Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1997
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 8609 Kensington Drive Rowlett, TX 3
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 1980
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 8901 Clearlake Drive Rowlett, TX 4
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1992
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 9209 Woodlake Drive Rowlett, TX 5
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1998
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Randy Griffin
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415883
Last Updated: 08/25/2020
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