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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $148.28
- 4 Days on Market
- MLS # : 14522139
- Updated Date : 02/26/2021 at 11:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,450 sqft
- Baths : 2 full
Listing Agent
Keller Williams Rockwall
Listing Agent's Description
Welcome home! This one has all the upgrades you have been looking for. It features wood flooring through out, new low E windows, 3 bedrooms, 2 full baths, inviting living room with vaulted ceilings and wood burning fire place. The eat in kitchen has granite counter tops and updated backsplash. Both bathrooms have been completely remodeled with modern touches. Walk outside and relax under your large covered patio, spacious grass backyard and storage shed. A MUST SEE! MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE SUNDAY 2-28 BY 6PM.
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: Highland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$467 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$127
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$215,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
7.42
YEARS SAVED
$19,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,439
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9014 Westfield Drive Rowlett, TX 2
- 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,550
- $1.07
-
8901 Linda Vista Drive Rowlett, TX 1
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1983
LEASED 12/25/20- Rent
- Rent Per SQFT
- $1,550
- $0.94
-
9225 Grant Drive Rowlett, TX 3
- 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 1985
LEASED 09/13/20- Rent
- Rent Per SQFT
- $1,595
- $1.02
-
8505 Woodside Drive Rowlett, TX 4
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1980
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
8905 Westfield Drive Rowlett, TX 5
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1983
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,650
- $1.01
PROPERTY LISTING DETAILS
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522139
Last Updated: 02/26/2021
