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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $124.57
- 3 Days on Market
- MLS # : 14504597
- Updated Date : 01/22/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,357 sqft
- Baths : 2 full , 1 half
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready April 2021! The McCoy plan offers a spacious walk-in pantry, along with four generously sized upstairs bedrooms and loft. White cabinets with white pearl quartz, countertops, smoky oak EVP flooring and warm grey carpet in our Crisp package. Located in Royse City, Parkside Village will offer an amenity-rich community complete with green spaces, a neighborhood pool and cabana, playground, and large pond with fishing pier. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.
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 | $1,860 |
| EXPENSES | Loan Payment | -$1,020 |
| Property Tax | -$641 | |
| Property Insurance | -$163 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$109
|
||
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.
$293,618
PROJECTED PRICE
$1,860
PROJECTED RENT
0.63%
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
$79,809
LOAN DETAILS
$1,020
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,405 |
| Loan Amount | $220,214 |
2.42
YEARS SAVED
$5,308
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,827
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
1508 Glacier Ridge Royse City, TX 5
- 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,860
- $0.79
-
429 Cookston Lane Royse City, TX 1
- 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,091 Sqft ∙ Built 2005
![property image]()
LEASED 08/06/19- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
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
-
1200 Hawthorne Court Royse City, TX 3
- 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 4
- 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
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504597
Last Updated: 01/22/2021
