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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $142.41
- 3 Days on Market
- MLS # : 14488573
- Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,622 sqft
- Baths : 2 full
Listing Agent
Toby Jones
Listing Agent's Description
NEW CONSTRUCTION - Centex Homes in Verandah. Beautiful masterplan community in Royse City with great family-friendly amenities. Rayburn - features 3BR-2BA White cabinets, granite counters, subway tile backsplash, kitchen island, stainless appliances and luxury-plank vinyl flooring. Available for March-April 2021 move in.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
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 | $1,600 |
| EXPENSES | Loan Payment | -$852 |
| Property Tax | -$465 | |
| Property Insurance | -$121 | |
| HOA | -$43 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$19
|
||
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.
$230,990
PROJECTED PRICE
$1,600
PROJECTED RENT
0.69%
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
$63,212
LOAN DETAILS
$852
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,748 |
| Loan Amount | $173,243 |
5
YEARS SAVED
$13,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1908 Blackbrush Drive Royse City, TX 2
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
217 Falling Leaves Trail Royse City, TX 1
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2003
![property image]()
LEASED 08/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.99
-
409 Rustic Grove Lane Royse City, TX 3
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2001
![property image]()
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
2133 Tulipwood Drive Royse City, TX 4
- 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2019
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
219 Regal Court Royse City, TX 5
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006
![property image]()
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,750
- $1.06
PROPERTY LISTING DETAILS
Toby Jones
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488573
Last Updated: 12/18/2020
