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2401 Shooting Star Drive Royse City, TX 75189

3 Beds 3 Baths 2,718 sqft Built 2004

$414,800

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $152.61
  • 3 Days on Market
  • MLS # : 14533426
  • Updated Date : 03/26/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,718 sqft
  • Baths : 3 full
Listing Agent

Que Luxury Inc.

Listing Agent's Description

Incredible 1-Owner home, 1 acre, newly resurfaced pool, NO HOA, pre-inspected & highly maintained so all you need to do is come home & enjoy. Open floorplan with lots of light greets. Easily move from the front LA-formal dining & study area to huge kitchen overlooking family rm & soothing fireplace & hearth. Both rooms have a full view of the large covered patio-entertainment area, fire pit & secluded pool. Bedrooms are oversized & so is the backyard behind the pool (think soccer field). Extra space is everywhere in this comfortable setting-2.5 garage, double entry 20x30 workshop w-elec, 13' long utility-pantry & more. Do not miss this hard to find country setting less than 15 minutes from everything you need.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
Fort Elementary School Primary Regular 555 41 8
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

Fort Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 41
8
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
 

$373,320$456,280$414,800

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,441
Property Tax -$906
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
-$760

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.

$414,800

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

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) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,672

INVESTMENT

$115,672

Down Payment
$103,700
Rehab Estimate
$5,750
Closing Costs
$6,222

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,700
Loan Amount $311,100
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$21

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,943

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6953$1,8704$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2401 Shooting Star Drive Royse City, TX 3
    • 3 beds 3 baths ∙ 2,718 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,718 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.69
    •  
  • 308 Briar Oaks Drive Royse City, TX 1
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 2005
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.63
    •  
  • 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
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.66
    •  
  • 3286 S Fm 548 Royse City, TX 4
    • 3 beds 3 baths ∙ 2,897 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,897 Sqft ∙ Built 1984
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 202 Waxberry Drive Royse City, TX 5
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2019
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
John Martin
Que Luxury Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533426
Last Updated: 03/26/2021
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