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3325 Blackland Road Royse City, TX 75189

3 Beds 2 Baths 2,069 sqft Built 2017

$450,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $217.50
  • 5 Days on Market
  • MLS # : 14478300
  • Updated Date : 12/02/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This charming house sits on a 5 acre lot. Includes shed in the back that can be used as a workshop, covered parking space and more! This lovely home features surround sound throughout the house and has an extra room that can be used as an office or as sound equipment room. It also has a spacious covered patio. Approximately 7 minutes from I-30. SUBMIT YOUR OFFER FOR THIS ROYSE CITY GEM TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
Harry Herndon Intermediate School Primary Regular 408 27 7
Harry Herndon Intermediate School Middle Regular 408 27 7
Royse City High School High Regular 1,410 88 5

Harry Herndon Intermediate School

  • Education Level: Primary
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Harry Herndon Intermediate School

  • Education Level: Middle
  • # of students: 408
  • # of teachers: 27
7
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,660
Property Tax -$982
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$878

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.

$450,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.45%

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) 8.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$28

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
  • $0.97

    LIST RENT PER SQFT
  • $2,022

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0104$2,0205$2,195
$2,195
RENT COMPS ANALYSIS
  • 3325 Blackland Road Royse City, TX 3
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.97
    •  
  • 545 England Street Fate, TX 1
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2016
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 574 Bassett Hall Fate, TX 2
    • 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,891 Sqft ∙ Built 2016
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
  • 605 England Street Fate, TX 4
    • 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2017
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.94
    •  
  • 530 Bassett Hall Road Fate, TX 5
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2016
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
PROPERTY LISTING DETAILS
Luz Oseguera
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478300
Last Updated: 12/02/2020
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