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910 Sunpoint Circle Rockwall, TX 75087

4 Beds 3 Baths 2,277 sqft Built 1990

$319,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $140.49
  • 3 Days on Market
  • MLS # : 14512005
  • Updated Date : 02/06/2021 at 13:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,277 sqft
  • Baths : 2 full , 1 half
Listing Agent

Godwin Group, Llc.

Listing Agent's Description

Spacious, Custom One Story Home near Lake on almost a quarter acre, Cul de Sac Lot! Remodeled Kitchen with Granite Countertops & Stainless Appliances, fresh paint, plus an ideal layout that includes Split Bedrooms giving this home its welcoming atmosphere. Kitchen has upgraded appliances, inclluding Bosch Gas Range, Convection Microwave.Custom Built ins and moldings coordinate with Plantation Blinds on most every window. Master Bdrm is complete with bright Garden Bath, Lg Walk in closet & Vaulted Ceiling.Exterior features include Roof with Ridge Vents, extended patio area for entertaining and a deck that wraps around the sparkling pool.Location is also a bonus: only minutes to Parks, I30, Hwy 66 and GB Tollway.

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: Northshore

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Northshore

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
J. W. Williams Middle School Middle Regular 814 41 8
Rockwall High School High Regular 2,323 134 8

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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,111
Property Tax -$576
Property Insurance -$159
Property Management Fees -$99
CASH FLOW
$75

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.

$319,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0204$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 910 Sunpoint Circle Rockwall, TX 3
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.89
    •  
  • 710 Geary Drive Rockwall, TX 1
    • 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,097 Sqft ∙ Built 2004
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 100 Crestwood Drive Rockwall, TX 2
    • 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,150 Sqft ∙ Built 1984
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 114 Teakwood Drive Rockwall, TX 4
    • 3 beds 3 baths ∙ 2,247 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,247 Sqft ∙ Built 1985
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 1280 Highland Drive Rockwall, TX 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2004
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Julie Godwin
Godwin Group, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512005
Last Updated: 02/06/2021
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