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104 Duranta Royse City, TX 75189

4 Beds 2 Baths 2,491 sqft Built 2021

$375,239

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $150.64
  • 3 Days on Market
  • MLS # : 14514244
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,491 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14514244 - Built by Altura Homes - July completion! ~ UNDER CONSTRUCTION PROJECTED in JULY - model available to tour. This home located on a one third of an acre lot is perfect for entertaining. The backyard is a peaceful sanctuary backing up to a large pond and providing a covered patio. The interior is light and airy with soaring ceiling heights and very open. The Kitchen has plenty of 42 cabinets offering great storage. The study is even located at the back of the home to enjoy the scenery from the backyard. The master suite is also stunning with separate vanities and an oversized shower. The large garden tub is the perfect place to relax! Call to schedule your appointment today.

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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Fort Elementary School Primary Regular 555 41 8
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

Fort Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 41
8
GreatSchools Rating

Royse City Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 47
6
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$337,715$412,763$375,239

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,303
Property Tax -$819
Property Insurance -$171
HOA -$41
Property Management Fees -$99
CASH FLOW
-$244

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$375,239

PROJECTED PRICE

$2,190

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,438

INVESTMENT

$101,438

Down Payment
$93,810
Rehab Estimate
$2,000
Closing Costs
$5,629

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,810
Loan Amount $281,429
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1904$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 104 Duranta Royse City, TX 3
    • 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.88
    •  
  • 3225 Hollow Branch Drive Royse City, TX 1
    • 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2018
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 202 Waxberry Drive Royse City, TX 2
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2019
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 2501 Sabine Circle Royse City, TX 4
    • 4 beds 2 baths ∙ 2,497 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,497 Sqft ∙ Built 2015
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 841 Costlow Lane Fate, TX 5
    • 5 beds 4 baths ∙ 2,336 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,336 Sqft ∙ Built 2019
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.98
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514244
Last Updated: 02/05/2021
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