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2415 Brookside Drive Royse City, TX 75189

4 Beds 3 Baths 2,103 sqft Built 2020

$334,081

List Price

$1,990

$1.8K - $2.2K

Rent Est.

$90,531

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.8%
Cash Flow	-$3,192
Value Increase	$17,980

10 YEAR

Cash On Cash	-5.3%
Total Return	8.3%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

November 28, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2020
Price/Sqft : $158.86
2 Days on Market
MLS # : 14478140
Updated Date : 11/28/2020 at 16:00

CONSTRUCTION

Beds : 4
Floor Size : 2,103 sqft
Baths : 2 full , 1 half

Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14478140 - Built by Highland Homes - December completion! ~ Impressive! Award winning Amberley Plan! 12 foot entry WOWS your visitors. At first glance they are greeting with the view of 8 Foot Doors & Windows that SHOWCASE the perfect lot for a pool! Light and Bright - designed with you in mind WHITE Hoffman Cabinets UNDER-COUNTER lighting and a Large, Valle Nevado granite, Center Island is showcased by the beautiful PENDANT LIGHTS. Cozy up to the STONE fireplace! NO BACK NEIGHBORS! READY NOW!

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MARKET HIGHLIGHTS

Dallas Market Report

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)

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)

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

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

GreatSchools Rating

Royse City Middle School

Education Level: Middle
# of students: 780
# of teachers: 47

GreatSchools Rating

Royse City High School

Education Level: High
# of students: 1,410
# of teachers: 88

GreatSchools Rating

FINANCIALS

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$300,673$367,48900$334,081

PURCHASE PRICE

$1,791$2,18900$1,990

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,990
EXPENSES	Loan Payment	-$1,233
	Property Tax	-$729
	Property Insurance	-$149
	HOA	-$46
	Property Management Fees	-$99



CASH FLOW -$266

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.

$334,081

PROJECTED PRICE

$1,990

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$90,531

Down Payment	$83,520
Rehab Estimate	$2,000
Closing Costs	$5,011

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$83,520
Loan Amount	$250,561

See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,990
LIST RENT
$0.95
LIST RENT PER SQFT

$1,940
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$1,600

1$1,6002$1,6503$1,6954$1,9905$2,095

$2,095

RENT COMPS ANALYSIS

2,103
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$1,940
ESTIMATED VALUE
$1,990
LIST RENT

2415 Brookside Drive Royse City, TX 5

4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020
Price

Price Per SQFT

$334,081

$158.86
1144 Waterscape Boulevard Royse City, TX 1

4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2019
SOLD 08/18/20
Price

Price Per SQFT

$288,000

$143.50
5003 Brooklet Boulevard Royse City, TX 2

4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020
SOLD 08/09/20
Price

Price Per SQFT

$306,502

$136.83
2255 Brookside Drive Royse City, TX 3

4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020
SOLD 07/15/20
Price

Price Per SQFT

$307,581

$137.31
5023 Brooklet Boulevard Royse City, TX 4

4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,240 Sqft ∙ Built 2020
SOLD 07/20/20
Price

Price Per SQFT

$315,659

$140.92

2415 Brookside Drive Royse City, TX 4

4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,990

$0.95
224 Ame Lane Royse City, TX 1

3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2008
LEASED 10/10/19
Rent

Rent Per SQFT

$1,600

$0.89
3016 Jessica Way Royse City, TX 2

3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 2008
LEASED 06/17/19
Rent

Rent Per SQFT

$1,650

$0.86
2016 Jessica Way Royse City, TX 3

3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008
LEASED 10/01/20
Rent

Rent Per SQFT

$1,695

$0.93
2038 Brookside Drive Royse City, TX 5

4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2019
LEASED 11/25/20
Rent

Rent Per SQFT

$2,095

$1.01

PROPERTY LISTING DETAILS

Ben Caballero
Highland Homes Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478140
Last Updated: 11/28/2020

2415 Brookside Drive Royse City, TX 75189

$334,081

$1,990

$90,531

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Fort Elementary School

Royse City Middle School

Royse City High School

FINANCIALS

$300,673$367,48900$334,081

$1,791$2,18900$1,990

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$334,081

$1,990

0.60%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,233

1.17

$2,199

$334,081

$158.86

$293,663

$139.64

COMPS RANGE

PRICE COMPS ANALYSIS

$1,990

$0.95

$1,940

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS