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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $109.16
- 4 Days on Market
- MLS # : 14500003
- Updated Date : 01/21/2021 at 13:39
CONSTRUCTION
- Beds : 3
- Floor Size : 2,336 sqft
- Baths : 2 full , 1 half
Listing Agent
Call It Closed Realty
Listing Agent's Description
Lovely three bedroom home in the popular Verandah subdivision. It has a great floor plan with a spacious living area that opens to the dining room and kitchen. A beautiful fireplace that makes it feel like home! The study opens up to the living area and could be a 4th bedroom! It includes wood like tile and upgraded carpet. Bonus room upstairs can be used as a game room or 2nd living area. Upstairs has a Master suite with a large walk in closet. Located only minutes from I-30. Also features all of Verandah's renowned amenities such as community pool, walking trails, playgrounds, community fitness area and a private pond.
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 | $1,890 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$694 | |
| Property Insurance | -$162 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$6
|
||
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.
$255,000
PROJECTED PRICE
$1,890
PROJECTED RENT
0.74%
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) | 8.00% |
| 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
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
3.75
YEARS SAVED
$9,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,067
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1324 Sweetgum Drive Royse City, TX 2
- 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,890
- $0.81
-
1224 Silver Maple Lane Royse City, TX 1
- 3 beds 3 baths ∙ 2,181 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,181 Sqft ∙ Built 2010
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,825
- $0.84
-
1308 River Oak Lane Royse City, TX 3
- 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2015
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
-
1324 Land Oak Road Royse City, TX 4
- 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2014
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.88
-
1312 River Oak Lane Royse City, TX 5
- 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,196 Sqft ∙ Built 2015
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Call It Closed Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500003
Last Updated: 01/21/2021
