Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $136.15
- 3 Days on Market
- MLS # : 14504593
- Updated Date : 01/22/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,128 sqft
- Baths : 2 full , 1 half
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready May 2021! Turn the kids loose in the Hampton’s second-story game room while you entertain on the open main level. Dusk cabinets with white-toned quartz countertops, beige tone EVP flooring with dark gray tweed carpet in our Balanced package. Located just a half-hour from downtown Dallas, Frost Farm offers small-town charm, spacious oversized backyards, access to parks and trails, and proximity to employment centers and entertainment. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75189
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,006 |
| Property Tax | -$633 | |
| Property Insurance | -$150 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$104
|
||
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.
$289,734
PROJECTED PRICE
$1,820
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,780
LOAN DETAILS
$1,006
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,434 |
| Loan Amount | $217,301 |
2.42
YEARS SAVED
$5,566
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,841
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
108 Lisa Lane Royse City, TX 4
- 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,128 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,820
- $0.86
-
2016 Jessica Way Royse City, TX 1
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.93
-
1200 Hawthorne Court Royse City, TX 2
- 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,695
- $0.82
-
505 Rosemary Drive Royse City, TX 3
- 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2006
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,749
- $0.83
-
1228 Cyprus Drive Royse City, TX 5
- 4 beds 4 baths ∙ 2,109 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,109 Sqft ∙ Built 2006
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504593
Last Updated: 01/22/2021
