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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $143.60
- 2 Days on Market
- MLS # : 14509566
- Updated Date : 01/30/2021 at 20:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,344 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Move in READY! Located close by I-30, close to downtown fun, food and shopping. No HOA. Spacious rooms, open floor plan, high living room ceilings, niches in living room for display. Kitchen has a bay window with eat in dining space, light wood laminate flooring. New Microwave, Stove, countertop and sink in kitchen. New HVAC in 2020, Dishwasher and disposal in 2019. Carpet and bathroom flooring in 2019. Paint refreshed. Refrigerator, washer and dryer can be included with appropriate offers. This home is a must see.
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$670 |
| Property Tax | -$421 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$184
|
||
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.
$193,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.77%
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
$56,895
LOAN DETAILS
$670
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,250 |
| Loan Amount | $144,750 |
9.25
YEARS SAVED
$24,209
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,609
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
1513 Kelly Lane Royse City, TX 3
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $1.10
-
813 Cooper Lane Royse City, TX 1
- 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 2002
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $1,370
- $1.18
-
1612 Audrey Drive Royse City, TX 2
- 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2005
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,450
- $1.18
-
1501 Audrey Drive Royse City, TX 4
- 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 2005
![property image]()
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,525
- $1.25
-
808 Cooper Lane Royse City, TX 5
- 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,316 Sqft ∙ Built 2001
![property image]()
LEASED 04/12/20- Rent
- Rent Per SQFT
- $1,550
- $1.18
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509566
Last Updated: 01/30/2021
