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2434 Brookside Drive Royse City, TX 75189

4 Beds 3 Baths 2,764 sqft Built 2021

$383,645

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $138.80
  • 6 Days on Market
  • MLS # : 14521133
  • Updated Date : 02/23/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,764 sqft
  • Baths : 3 full
Listing Agent

Classic Property Management

Listing Agent's Description

Brand New Home by Bloomfield Homes, Ready August 2021! 4 bed, 3 bath and 2.5-car Garage. Open layout with architectural details throughout - arched doorways, built-in shelving in bdrms, decorative niches, window seats. Study at front of home could be additional bdrm. Luxury Vinyl Wood Flooring. Upgraded Deluxe Kitchen for a chef with large island, Granite countertops, upgraded Backsplash, Built-in SS Appliances and gas cooking. Buffet at dining area. Vaulted Ceiling in Family Room with lots of windows to bring in natural lighting. Upstairs has Game Room, Bdrm 4 & Bath 3 - offers privacy for an older child, family member or guest. Huge Extended Rear Patio; backyard fully fenced. Call us today to learn more!

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
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
 

$345,281$422,010$383,645

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,333
Property Tax -$838
Property Insurance -$187
HOA -$46
Property Management Fees -$99
CASH FLOW
-$202

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.

$383,645

PROJECTED PRICE

$2,300

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,666

INVESTMENT

$103,666

Down Payment
$95,911
Rehab Estimate
$2,000
Closing Costs
$5,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,333

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,911
Loan Amount $287,734
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,261

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$2,1003$2,3004$2,350
$2,350
RENT COMPS ANALYSIS
  • 2434 Brookside Drive Royse City, TX 3
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 504 Ame Lane Royse City, TX 1
    • 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
    •  
  • 202 Waxberry Drive Royse City, TX 2
    • 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
    •  
  • 336 Gladstone Circle Fate, TX 4
    • 4 beds 4 baths ∙ 2,425 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,425 Sqft ∙ Built 2018
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.97
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521133
Last Updated: 02/23/2021
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