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1200 Hawthorne Court 
Royse City, TX
75189
3 Beds 2 Baths 2,055 sqft
Built 2005
INVESTimate
$230,000
List Price
$66,700
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $111.92
- 2 Days on Market
- MLS # : 14419437
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,055 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Meticulously Maintained Home Close To Shopping. This home is a rare gem located on one-third acre. HUGE backyard with great covered patio and shed. Plenty of space for a pool and so much more. Open Concept Kitchen, Dining and Living Rooms. Wood Look Tile through all main areas, updated granite, beautiful backsplash and composite sink, and stainless steel appliances n the kitchen. ENORMOUS Pantry. Spacious bedrooms all with ceiling fans. Bathrooms have been updated with new fixtures and vanities. This home will not last long. Come see it TODAY!
SEE MORE
- . 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)
- 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)
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$849 |
| Property Tax | -$502 | |
| Property Insurance | -$146 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$230,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,700
LOAN DETAILS
$849
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
4.58
YEARS SAVED
$12,686
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,721
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1200 Hawthorne Court Royse City, TX 4
- 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,630
- $0.79
-
1508 Redman Drive Royse City, TX 1
- 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 2004
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
808 Mackenzie Drive Royse City, TX 2
- 4 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001
LEASED 03/08/20- Rent
- Rent Per SQFT
- $1,590
- $0.84
-
325 Briar Oaks Drive Royse City, TX 3
- 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,942 Sqft ∙ Built 2005
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,595
- $0.82
-
505 Rosemary Drive Royse City, TX 5
- 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
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419437
Last Updated: 08/25/2020
