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1439 Streetman Road Royse City, TX 75189

4 Beds 3 Baths 2,657 sqft Built 2015

$550,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $207.00
  • 4 Days on Market
  • MLS # : 14469735
  • Updated Date : 11/12/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,657 sqft
  • Baths : 3 full
Listing Agent

List Smart Texas

Listing Agent's Description

Gorgeous custom home in quiet country neighborhood with horse facilities, sparkling pool, close to Rockwall & 30 miles to Dallas! Spacious open concept, gourmet kitchen with huge island, walk-in pantry, granite & stainless steel appliances all open to the dining room & living room with hand-scraped hardwood floors & oversized corner FP. Covered patio overlooks pool with rock waterfalls & landscaped yard. Adorable horse stable has European stall fronts, insulated tack room, hay room & RV outlet. Pasture fenced with no climb horse wire & fenced arena is used as additional pasture. Oversized 3 car garage. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,029
Property Tax -$1,201
Property Insurance -$181
Property Management Fees -$99
CASH FLOW
-$1,160

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.

$550,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.43%

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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$57

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,312

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,350
$2,350
RENT COMPS ANALYSIS
  • 1439 Streetman Road Royse City, TX 2
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.88
    •  
  • 2338 Laci Lane Royse City, TX 1
    • 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 2008
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
PROPERTY LISTING DETAILS
Linda Waller
List Smart Texas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469735
Last Updated: 11/12/2020
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