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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $131.71
- 2 Days on Market
- MLS # : 14505469
- Updated Date : 01/23/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,239 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesusa.com
Listing Agent's Description
Easy maintenance modern home has open concept with a Game Room, AND FORMAL DINING ROOM. LUXURY features like upgraded lighting and ceiling fans, stainless steel appliances, 9-FOOT Ceilings even on the second floor, QUARTZ or granite counters, PREMIUM carpeting, modern front door with linear glass inserts, CONTEMPORY linear LED fireplace, and much more. Downstairs MASTER SUITE. Covered PATIO and Island in the kitchen!! Ultra ENERGY EFFICIENT design includes FOAM INSULATION and tank-less water heater. Ask about our HOME AUTOMATION PACKAGE!! Come see why Trophy Signature Homes is one of the FASTEST GROWING new home builders in DFW!!!
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 | -$1,024 |
| Property Tax | -$644 | |
| Property Insurance | -$157 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$150
|
||
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.
$294,900
PROJECTED PRICE
$1,820
PROJECTED RENT
0.62%
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
$80,149
LOAN DETAILS
$1,024
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
1.67
YEARS SAVED
$3,517
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 -
$0.81
LIST RENT PER SQFT
-
$1,842
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
1315 Black Canyon Avenue Royse City, TX 4
- 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,820
- $0.81
-
616 Tripp Trail Royse City, TX 1
- 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2005
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,595
- $0.76
-
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
![property image]()
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
![property image]()
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
![property image]()
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,850
- $0.88
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505469
Last Updated: 01/23/2021
