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319 Maple Lane 
Royse City, TX
75189
3 Beds 3 Baths 2,700 sqft
Built 2018
INVESTimate
$399,000
List Price
$111,485
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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $147.78
- 3 Days on Market
- MLS # : 14418274
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,700 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Country living at its best!! Nestled in a gated community this Preserve at Union Valley home offers 3 bedroom, 2.5 baths. Once used as the builders office this never lived in home has many bells and whistles. This open concept home has hand-scraped floors, extensive trim work, mud room, butlers pantry and an abundance of storage space. A flex room off of the front door could serve as a dining room, second living area or home office. Relax and enjoy the outdoor living room with a gorgeous fireplace and appreciate all the wildlife that The Preserve has to offer.
SEE MORE
- . 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
* 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$804 | |
| Property Insurance | -$183 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$577
|
||
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.
$399,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
0.08
YEARS SAVED
$34
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,412
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
319 Maple Lane Royse City, TX 1
- 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,010
- $0.74
-
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 08/17/19- Rent
- Rent Per SQFT
- $2,050
- $0.83
-
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 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
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14418274
Last Updated: 08/25/2020
