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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $152.79
- 3 Days on Market
- MLS # : 14522375
- Updated Date : 02/26/2021 at 15:28
CONSTRUCTION
- Beds : 4
- Floor Size : 3,599 sqft
- Baths : 3 full , 1 half
Listing Agent
Ebby Halliday, Realtors-coit
Listing Agent's Description
Custom One Story Paul Taylor home built in 2017 (3583 sq. Ft). Located in the exclusive Breezy Hill subdivision on an Oversized Lot. Drive up is fantastic, with Gabels and beautiful Brick work. 4 bd,3.1 bath, 3 car. Open and spacious with Rich Hardwood floors. Oversized Family room Features 3 Massive Boxed Beams and Vaulted ceilings. Gorgeous Stone fireplace. Open Kitchen features SS appliances and a large island facing the family room. Master bath has oversized shower with 2 shower heads and granite counter tops. Entertaining Outdoor Living Center boast an arched cover and fireplace. 3 Car Garage has epoxy floors. Energy Star Certified 16 seer HVAC systems. Enjoy the Community Park and Lake.
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
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,210 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$990 | |
| Property Insurance | -$235 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$83
|
||
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.
$549,900
PROJECTED PRICE
$3,210
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| 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
$151,474
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
3.67
YEARS SAVED
$19,030
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,210
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,960
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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985 Lazy Brooke Drive Rockwall, TX 5
- 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $3,210
- $0.89
-
305 Featherstone Drive Rockwall, TX 1
- 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 2
- 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 3
- 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
-
780 Bordeaux Drive Rockwall, TX 4
- 4 beds 5 baths ∙ 3,728 Sqft ∙ Built 2015 4 beds 5 baths ∙ 3,728 Sqft ∙ Built 2015
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,950
- $0.79
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors-coit
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522375
Last Updated: 02/26/2021
