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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $111.47
- 2 Days on Market
- MLS # : 14507683
- Updated Date : 01/30/2021 at 21:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,409 sqft
- Baths : 3 full , 1 half
Listing Agent
Regal, Realtors
Listing Agent's Description
Look no further! This updated spacious home located is located in The Shores subdivision. Four bedrooms and 3 living areas give you oodles of options for family and friends. Updates include plantation shutters, master bathroom tub and shower, newer roof and fence, tankless water heaters and wood floors. The Shores has a community pool, tennis and work out facilities to keep you and your family entertained. ***MULTIPLE OFFERS RECEIVED. DEADLINE FOR ALL OFFERS IS SUNDAY, JANUARY 31 AT 6:00 PM***
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
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 | $2,610 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$684 | |
| Property Insurance | -$224 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$231
|
||
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.
$380,000
PROJECTED PRICE
$2,610
PROJECTED RENT
0.69%
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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
7.5
YEARS SAVED
$36,489
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,676
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
990 Potter Avenue Rockwall, TX 3
- 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,409 Sqft ∙ Built 2005
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- Rent
- Rent Per SQFT
- $2,610
- $0.77
-
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
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LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.71
-
2055 Club Lake Circle Rockwall, TX 2
- 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2001
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LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,500
- $0.77
-
775 Bordeaux Drive Rockwall, TX 4
- 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,496 Sqft ∙ Built 2017
![property image]()
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
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,900
- $0.83
PROPERTY LISTING DETAILS
Regal, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507683
Last Updated: 01/30/2021
