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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $142.71
- 4 Days on Market
- MLS # : 14514898
- Updated Date : 02/20/2021 at 20:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,892 sqft
- Baths : 2 full
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
Gorgeous Rowlett Oasis! 1 story 3-2-2 with 2 living spaces and pool spa. Lots of entertaining space poolside and grassy yard with shade as well. Split bedrooms and large master. 2nd living area is a great media area and could also be a gameroom. Rockwall ISD, close to the hospital and close to Lake Ray Hubbard. Carport and 12x10 shed outdoors for extra storage. Easy access to PGB and I-30 and super quiet neighborhood.
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 | -$938 |
| 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.
$270,000
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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
3.58
YEARS SAVED
$9,140
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
-
$1,703
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
9425 Shearer Street Rowlett, TX 3
- 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,892 Sqft ∙ Built 1984
- 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
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514898
Last Updated: 02/20/2021
