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9918 Broadmoor Lane Rowlett, TX 75089

4 Beds 4 Baths 3,208 sqft Built 2005

$449,990

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $140.27
  • 3 Days on Market
  • MLS # : 14512502
  • Updated Date : 02/05/2021 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,208 sqft
  • Baths : 3 full , 1 half
Listing Agent

Champions Real Estate Group

Listing Agent's Description

One owner elegant and well laid out 1 story home in the highly sought after Waterview Broadmoor Estates gated Community. A Well maintained 4 bed 3 & half bath 2 living rooms with 2 fireplaces, office-study and 3 car garage that sits on a premium large size lot overlooking the golf course. The 4th bedroom could be for a guest or in-law with full bath attached. Spacious large size rooms with high ceilings. Stainless steel appliances & granites in kitchen. Waterview offers a private tennis court, waterpark, golf course, kids playgrounds, large community park with various sporting fields and trails. An excellent, peaceful, family oriented community. Listing agent is related to Owner. Buyer-Agent to verify all info

SEE MORE

MARKET HIGHLIGHTS

  • 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: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Waterview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262398

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$404,991$494,989$449,990

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,563
Property Tax -$1,078
Property Insurance -$213
HOA -$109
Property Management Fees -$99
CASH FLOW
-$521

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.

$449,990

PROJECTED PRICE

$2,540

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.7%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$124,997

INVESTMENT

$124,997

Down Payment
$112,498
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,498
Loan Amount $337,493
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$82

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,534

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5003$2,5004$2,5405$2,575
$2,575
RENT COMPS ANALYSIS
  • 9918 Broadmoor Lane Rowlett, TX 4
    • 4 beds 4 baths ∙ 3,208 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,208 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.79
    •  
  • 9605 Pinehurst Drive Rowlett, TX 1
    • 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,428 Sqft ∙ Built 2003
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.69
    •  
  • 7402 Dartmouth Drive Rowlett, TX 2
    • 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 1996
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 7200 Willow Wood Street Rowlett, TX 3
    • 5 beds 3 baths ∙ 3,005 Sqft ∙ Built 2019 5 beds 3 baths ∙ 3,005 Sqft ∙ Built 2019
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 9705 Kings Link Circle Rowlett, TX 5
    • 4 beds 3 baths ∙ 3,230 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,230 Sqft ∙ Built 1999
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.80
    •  
PROPERTY LISTING DETAILS
Stanley Johnson
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512502
Last Updated: 02/05/2021
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