Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9010 Habersham Drive Rowlett, TX 75089

3 Beds 2 Baths 2,028 sqft Built 2018

$360,500

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $177.76
  • 2 Days on Market
  • MLS # : 14512046
  • Updated Date : 02/06/2021 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,028 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

This stunning home boasts a beautiful front porch & covered back patio, open concept with a large kitchen, upgraded GE Profile appliances, & expansive island with stunning Quartz countertops. An abundance of counter space & storage in this gorgeous kitchen. Oversized dining room. The master retreat is spacious with tons of natural light, huge closet with access to the laundry room, & the perfect place to unwind after a long day. Upgrades include Craftsman Rustic Walnut front door, stone fireplace with cedar box beam, upper cabinets in kitchen and uppers with glass, nailed down hand scraped wood flooring, custom windows in the master, & gas connection on patio. Information Deemed Reliable But Not Guaranteed

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Rowlett

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Rowlett

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262404

* 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
 

$324,450$396,550$360,500

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,252
Property Tax -$863
Property Insurance -$144
HOA -$83
Property Management Fees -$99
CASH FLOW
-$642

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.

$360,500

PROJECTED PRICE

$1,800

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,283

INVESTMENT

$101,283

Down Payment
$90,125
Rehab Estimate
$5,750
Closing Costs
$5,408

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,252

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,125
Loan Amount $270,375
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8004$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 9010 Habersham Drive Rowlett, TX 4
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 7618 Albany Rowlett, TX 1
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2002
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 9602 Glenshee Drive Rowlett, TX 2
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2004
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 9909 Glenshee Drive Rowlett, TX 3
    • 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,926 Sqft ∙ Built 1999
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 9522 Glenshee Drive Rowlett, TX 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2004
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.87
    •  
PROPERTY LISTING DETAILS
Vanessa Fillingim
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512046
Last Updated: 02/06/2021
BESbswy