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The Kendall

Single Family Rental in Rockwall, Texas
4 bedrooms • 3 bathrooms • 2,468 Sq. Feet

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Property listed and underwritten by Joey
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$1bn+ deployed

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$432,500 purchase price
The Kendall is currently valued at >8% above purchase price.
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65.00% loan-to-value
Property financed with 8.125% interest only loan.
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$74,400 projected yearly rental income
Nearby properties average between $83.6K - $118.8K in yearly rent.

The Kendall Airbnb Listing: Currently Live & Renting Out


The property features modern finishes, a spacious floorplan, and a backyard equipped with plenty of green space and a pool. At just under 2,500 square feet of living space, our furnishings team at Showplace has transformed this into a lifestyle rental experience unachievable by apartment living. Given the asset value increase day-1, the ongoing product differentiation can only be accretive to value as we continue to facelift, modernize, and optimize operations with our property management team


Nearby comparable properties
Nearby sales
Beds
Baths
Sq. Ft.
Date sold
Price sold
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6010 Arden Ct
4
3
2.8K
Feb-24
$540K
icon-real-estate-agent
305 Point Royal Dr
4
3
2.8K
Jun-24
$518K
icon-real-estate-agent
9967 Waterfront Trail
2
3
1.9K
Aug-24
$400K
icon-real-estate-agent
Weighted avg.
-
-
2.5K
--
$495.4K
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The Kendall
4
3
2.5K
Nov-23
$432.5K
Nearby rentals
Beds
Baths
Sq. Ft.
Monthly rent
Yearly rent
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Airbnb 2864
6
4
4.4K
$9.9K
$119K
icon-calendar
Airbnb 2894
5
4
4K
$9K
$108K
icon-calendar
Airbnb 2758
4
2.5
2.2K
$7K
$84K
icon-calendar
Weighted avg.
-
-
3.5K
$8.9K
$107.3K
icon-calendar
The Kendall
4
3
2.5K
$6.2K
$74.4K

What are the potential returns
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Projected value
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caret-up--
Rental income
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$84K / 4% growth
Expenses
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$32.1K / 2% growth
Appreciation
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3% growth

The property's status
Purchased Property
November 2023
Anticipated First Dividends
May 2024
The property is furnished with listings coming soon across several medium-term rental platforms including Airbnb. First occupancies are planned for March 2024. First dividends are planned for April 2024.

What goes into the offering
Offering Details
Purchase Price
$432,500

(-) Debt
($281,125)
Equity
$151,375
(+) Reserves & Closing Costs
$143,250

(+) mogul Platform Fee (One-Time)
$12,975
Total Offering Amount
$307,600

Where you'll be investing
Rockwall, Texas
13.5%
Past 5-year Market Rent Increase
33.0%
Past 5-year Market Value Increase

Dallas, TX


  • Thriving Economy: Dallas' diverse industries and major corporations create a stable job market with a low unemployment rate of 3.4% (December 2023), driving demand for residential real estate.
  • Population Boom: The Dallas metro area added over 1.3 million residents (2010-2020), fueling housing demand. With limited inventory, property values soared by 14.7% year-over-year (November 2023).
  • Investment Appeal: Dallas offers affordable property prices, landlord-friendly regulations, and low taxes. With an average rental yield of around 8%, it's an attractive destination for income-generating real estate investments.

avatar
Property listed and underwritten by Joey
icon-hourglass
$1bn+ deployed
icon-mogul-black-sm
mogul co-founder
Prior to co-founding mogul, Joey deployed $15bn+ into high quality residential real estate for some of the most prominent institutions on Wall Street.
Other Key Personnel
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Managed by Awning
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Financed by Host Financial

Frequently asked questions