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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $115.81
- 2 Days on Market
- MLS # : 14504573
- Updated Date : 01/23/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,651 sqft
- Baths : 2 full , 1 half
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready April 2021! The Winedale's upstairs game room makes a great play space. Downstairs, a large walk-in closet creates generous Primary suite. White cabinets with sparkly white granite countertops, cool grey EVP flooring with greyish brown carpet in our Distinct package. Whether you’re headed to work or out to dinner, hop on I-30 and be in central Dallas in just over half an hour. Located in Royse City, Parkside Village offers an amenity-rich community complete with green spaces, a neighborhood pool and cabana, playground, and large pond with fishing pier.
SEE MORE
- 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)
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 | $1,730 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$670 | |
| Property Insurance | -$180 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$332
|
||
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.
$307,018
PROJECTED PRICE
$1,730
PROJECTED RENT
0.56%
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
$83,360
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,755 |
| Loan Amount | $230,264 |
0.33
YEARS SAVED
$191
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,723
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
2420 Rocky Mountain Drive Royse City, TX 3
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,730
- $0.65
-
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
-
1409 Laurel Lane Royse City, TX 4
- 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006
LEASED 11/04/19- Rent
- Rent Per SQFT
- $1,795
- $0.60
-
549 Laurel Lane Fate, TX 5
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2007
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,860
- $0.71
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504573
Last Updated: 01/23/2021
