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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $118.66
- 3 Days on Market
- MLS # : 14474650
- Updated Date : 11/20/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,696 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Patterson Agency
Listing Agent's Description
PRICED TO SELL! Beautiful and spacious, OPEN CONCEPT, 4-bedroom, 3.5 bath with OFFICE in sought after Stone River Estates GOLF community. Master suite features massive walk in closet, stunning walk in shower & garden tub. Enormous kitchen loaded with cabinets, lots of GRANITE counter space, oversized GRANITE KITCHEN ISLAND with seating for family & friends to gather. Enjoy large open family room with corner fireplace. SECOND LIVING UPSTAIRS–use as game room, media room, kid’s tv room. Energy efficient 2-story with oversized closets and storage space, plantation blinds, lovely iron stair railing. Charming covered porch and cedar garage door welcome you home! Save thousands of dollars over new construction!
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 | $2,310 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$698 | |
| Property Insurance | -$183 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$116
|
||
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.
$319,900
PROJECTED PRICE
$2,310
PROJECTED RENT
0.72%
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) | 8.00% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
6.25
YEARS SAVED
$27,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,285
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2624 Sabine Circle Royse City, TX 4
- 4 beds 4 baths ∙ 2,696 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,696 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,310
- $0.86
-
2801 Spencer Circle Royse City, TX 1
- 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 2005
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,665
- $0.69
-
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
-
2501 Sabine Circle Royse City, TX 3
- 4 beds 2 baths ∙ 2,497 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,497 Sqft ∙ Built 2015
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,200
- $0.88
-
336 Gladstone Circle Fate, TX 5
- 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
Century 21 Patterson Agency
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474650
Last Updated: 11/20/2020
