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9613 Chasefield Drive Rowlett, TX 75087

4 Beds 3 Baths 2,835 sqft Built 1996

$349,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $123.42
  • 2 Days on Market
  • MLS # : 14466790
  • Updated Date : 11/07/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,835 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

IMMACULATELY MAINTAINED HOME located close to Lake Ray Hubbard in an established neighborhood-CORNER LOT-mature trees-NO HOA. ROCKWALL ISD. Home offers large open floorpan with expansive windows for plenty of natural light, beautiful wood floors & vaulted ceilings. Large Kitchen has great prep space including an island. First floor boasts a cozy living space (optional office), Family Room, guest room & full bath. All remaining bedrooms are up. Master Bath has been updated featuring a large shower w-frameless glass enclosure & dual sink vanity. Enjoy outdoor living from the SCREENED SUNROOM or gazebo. There’s addt’l parking space besides the garage & carport. THE PERFECT PLACE TO CALL HOME!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Heritage on the Lake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Heritage on the Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262241

* 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
Cullins-lake Pointe Elementary School Primary Regular 764 52 5
J. W. Williams Middle School Middle Regular 814 41 8
Rockwall High School High Regular 2,323 134 8

Cullins-lake Pointe Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 52
5
GreatSchools Rating

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,291
Property Tax -$733
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
-$204

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.

$349,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$2,1004$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 9613 Chasefield Drive Rowlett, TX 4
    • 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.74
    •  
  • 6814 Battle Creek Drive Rowlett, TX 1
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1992
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.71
    •  
  • 9713 Lancashire Drive Rowlett, TX 2
    • 3 beds 2 baths ∙ 2,518 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,518 Sqft ∙ Built 1994
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 4610 Lakepointe Avenue Rowlett, TX 3
    • 3 beds 3 baths ∙ 2,574 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,574 Sqft ∙ Built 1995
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 7202 Bickers Drive Rowlett, TX 5
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2007
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jessica Hargis
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466790
Last Updated: 11/07/2020
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