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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $142.43
- 7 Days on Market
- MLS # : 14510176
- Updated Date : 02/05/2021 at 16:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,895 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Beautiful home located in well-established neighborhood in Rowlett. It is part of Rockwall ISD and just minutes from Lake Ray Hubbard. Home features 2 spacious living areas, 2 dining areas and 3 cozy bedrooms with walk-in closets. Home includes dual pane windows, granite counter tops, stainless steal appliances, beautifully varnished kitchen cabinets, wood burning fireplace, privacy fence, and much more! New HVAC system installed March 2019 with 5 year warranty, New roof in 2016, and foundation repaired in 2016. Great location! Walking distance to hospital and elementary. Easy commute to George Bush Tollway, I30, shopping and dining!
SEE MORE
- 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: Highland Meadows North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Meadows North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$566 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$39
|
||
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.
$269,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.9% |
| 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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
3.67
YEARS SAVED
$9,165
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,706
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
9410 Shearer Street Rowlett, TX 3
- 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,700
- $0.90
-
8706 Willowbrook Drive Rowlett, TX 1
- 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1983
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,599
- $0.93
-
9225 Shearer Street Rowlett, TX 2
- 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1984
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
8902 Shipman Street Rowlett, TX 4
- 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,916 Sqft ∙ Built 1984
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.91
-
5618 Luna Drive Rowlett, TX 5
- 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510176
Last Updated: 02/05/2021
