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1909 Glen Meadow Drive Royse City, TX 75189

4 Beds 2 Baths 2,125 sqft Built 2016

INVESTimate

$249,900

List Price

$1,740

$1,566 - $1,914

Rent Est.

$263,270  ( +5.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $117.60
  • 6 Days on Market
  • MLS # : 14415761
  • Updated Date : 08/24/2020 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,125 sqft
  • Baths : 2 full
Listing Agent

Action Realty Group

Listing Agent's Description

Don't miss this great deal! This home offers 4 bedrooms, 2 bathrooms with 2 car garage located in a quiet, friendly neighborhood. Over 2,000 in square feet, the home also includes energy-saving solar screens to help with the hot, Texas heat and maintain the warmth during the winter months, built-in ironing board, kitchen has granite countertops and the wired, 6 camera security system with DVR stays with the home! His and her closets in master bath. No HOA! This home is 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
Davis Elementary School Primary Regular 476 37 6
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

Davis Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 37
6
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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$922
Property Tax -$540
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
$29

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.

$249,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7453$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1909 Glen Meadow Drive Royse City, TX 1
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.82
    •  
  • 1940 Ridgecrest Drive Royse City, TX 2
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.95
    •  
  • 316 Audobon Lane Royse City, TX 3
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 2016
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 1933 Glen Meadow Drive Royse City, TX 4
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 1413 N Josephine Street Royse City, TX 5
    • 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 2004
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
PROPERTY LISTING DETAILS
Greg Kubic
Action Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415761
Last Updated: 08/24/2020
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