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108 Starlight Lane Royse City, TX 75189

4 Beds 3 Baths 2,735 sqft Built 2004

$329,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $120.62
  • 2 Days on Market
  • MLS # : 14531717
  • Updated Date : 03/13/2021 at 17:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,735 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jeanette Anderson Real Estate

Listing Agent's Description

**MULTIPLE OFFERS RECIEVED. BEST AND FINAL BY 5PM SUNDAY, March 14th** This beautiful open floor plan features gorgeous hardwood and tiled floors throughout the 1st floor, no carpet! The island kitchen is spacious and has a very unusual, exotic, granite countertops. Huge laundry room and combined pantry for additional storage. The master bedroom features tray ceilings and a custom built seamless shower. The secondary bedrooms are nice sized, and the upstairs game room has a half bath or can be used as a 5th bedroom. Bring your rocking chairs and fall in love with this front porch, the floor is bricked and it has cedar posts for a rustic look.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,146
Property Tax -$720
Property Insurance -$185
Property Management Fees -$99
CASH FLOW
-$350

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.

$329,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.55%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$283

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,785

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,7954$1,8005$2,100
$2,100
RENT COMPS ANALYSIS
  • 108 Starlight Lane Royse City, TX 4
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 308 Briar Oaks Drive Royse City, TX 1
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2005
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.63
    •  
  • 504 Ame Lane Royse City, TX 2
    • 3 beds 3 baths ∙ 2,587 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,587 Sqft ∙ Built 2007
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 1409 Laurel Lane Royse City, TX 3
    • 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.60
    •  
  • 3286 S Fm 548 Royse City, TX 5
    • 3 beds 3 baths ∙ 2,897 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,897 Sqft ∙ Built 1984
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Dianna Jones
Jeanette Anderson Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531717
Last Updated: 03/13/2021
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