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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $155.34
- 4 Days on Market
- MLS # : 14469002
- Updated Date : 11/12/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,545 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Charming updated home on over-sized double lot in established neighborhood. No HOA and Rockwall ISD!!! Walking distance to Doris Cullins-Lake Pointe Elementary and 2 blocks from the shores of Lake Ray Hubbard! HUGE lot backs up to a tree-lined creek and potentially can be subdivided. Mature Pecan, Pomegranate and Peach trees provide beautiful backyard views. Easy accessibility to major freeways - PGBT and I-30. Close to shopping and restaurants! You will be pleased by the easy driving distance to downtown Dallas, Rockwall, and Firewheel Shopping Center. Enjoy the amenities at nearby Harbor District at Lake Ray Hubbard. Updates include new HVAC in 2020 * Bathroom and Kitchen granite and new faucets.
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 | $1,520 |
EXPENSES | Loan Payment | -$886 |
Property Tax | -$503 | |
Property Insurance | -$117 | |
Property Management Fees | -$99 | |
CASH FLOW
-$84
|
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.
$240,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.63%
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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $60,000 |
Loan Amount | $180,000 |
3.08
YEARS SAVED
$7,097
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,514
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469002
Last Updated: 11/12/2020