Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1936 Blackbrush Drive Royse City, TX 75189

4 Beds 3 Baths 1,941 sqft Built 2021

$244,490

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2021 NEW CONSTRUCTION
December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $125.96
  • 3 Days on Market
  • MLS # : 14488550
  • Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,941 sqft
  • Baths : 3 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. Eastgateplan - features 4BR-3BA 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

MARKET HIGHLIGHTS

  • # 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

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
 

$220,041$268,939$244,490

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$902
Property Tax -$493
Property Insurance -$139
HOA -$43
Property Management Fees -$99
CASH FLOW
$174

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.

$244,490

PROJECTED PRICE

$1,850

PROJECTED RENT

0.76%

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) 3.00%
Vacancy 6.93%
Length of Stay Years 2

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,790

INVESTMENT

$66,790

Down Payment
$61,123
Rehab Estimate
$2,000
Closing Costs
$3,667

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$902

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,123
Loan Amount $183,368
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$32,417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8503$1,8504$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1936 Blackbrush Drive Royse City, TX 3
    • 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,941 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1305 Waco Turner Royse City, TX 1
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 2014
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
  • 316 Audobon Lane Royse City, TX 2
    • 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
    •  
  • 1809 Strongbark Drive Royse City, TX 4
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.91
    •  
  • 1905 Strongbark Drive Royse City, TX 5
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
PROPERTY LISTING DETAILS
Lee Jones
Toby Jones
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488550
Last Updated: 12/18/2020
BESbswy