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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $122.06
- 4 Days on Market
- MLS # : 14498204
- Updated Date : 01/14/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,400 sqft
- Baths : 3 full , 1 half
Listing Agent
Allie Beth Allman & Assoc.
Listing Agent's Description
Grand entry with 20 foot ceilings. Open kitchen to living room with breakfast bar, granite, stainless steel appliances, gas cooktop, wood cabinets. Bamboo wood floors and porcelain tile. Updated light fixtures. Updated master bath with granite counters, modern glass bowl vanities, walk in shower with frameless glass shower door, new tile, pebble floor, moen shower head. Large game room upstairs. Media Room with 101 inch projector screen and 3D Epson Projector, surround sound, two levels. Can Lighting. Outdoor covered pergola. Outdoor kitchen includes custom grill and smoker, refrigerator, breakfast bar. Radiant Barrier. Roof 3 years. Attic with storage. Shores Park, Rockwall Golf and Athletic club blocks away.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Shores North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shores North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,720 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$747 | |
| Property Insurance | -$224 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$155
|
||
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.
$415,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
6.42
YEARS SAVED
$31,362
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,729
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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955 Mont Cascades Drive Rockwall, TX 2
- 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 2005
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- Rent Per SQFT
- $2,720
- $0.80
-
1025 Mont Cascades Drive Rockwall, TX 1
- 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,323 Sqft ∙ Built 2004
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.71
-
305 Featherstone Drive Rockwall, TX 3
- 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2018
LEASED 01/21/20- Rent
- Rent Per SQFT
- $2,785
- $0.84
-
775 Bordeaux Drive Rockwall, TX 4
- 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2017
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,900
- $0.83
-
2221 Hyer Drive Rockwall, TX 5
- 3 beds 4 baths ∙ 3,487 Sqft ∙ Built 2013 3 beds 4 baths ∙ 3,487 Sqft ∙ Built 2013
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,900
- $0.83
PROPERTY LISTING DETAILS
Allie Beth Allman & Assoc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498204
Last Updated: 01/14/2021
