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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

$2,010

$1,809 - $2,211

Rent Est.

$420,347  ( +5.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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

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
Butler Intermediate School Primary Regular 509 30 4
Thompson Middle School Middle Regular 565 38 4
Ford High School High Regular 785 47 3

Butler Intermediate School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 30
4
GreatSchools Rating

Thompson Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 38
4
GreatSchools Rating

Ford High School

  • Education Level: High
  • # of students: 785
  • # of teachers: 47
3
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

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
$2,010
1$2,0102$2,0503$2,2004$2,350
$2,350
RENT COMPS ANALYSIS
  • 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
Dee Evans
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418274
Last Updated: 08/25/2020
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