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3630 Royal Lane Dallas, TX 75229

4 Beds 4 Baths 3,311 sqft Built 2016

$632,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $190.88
  • 7 Days on Market
  • MLS # : 14504130
  • Updated Date : 02/01/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,311 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Be in the center of it all! This newly built contemporary home with circular driveway has all the designer touches! As you enter you are greeted with hardwood floors throughout & an open layout that is perfect for entertaining. You will love this Kitchen with granite counters, stainless appliances, gas cooktop, oversize island & designer backsplash. Oversize master features his & her vanities, shower & standalone tub. As you head upstairs there is a large gamerm, 3 spacious bedrms with walk in closets. Large backyard with covered patio allows you to design your own oasis. Loaded with upgrades: surround sound, energy star home, designer light fixtures & more! Great location mins from shopping, dining & highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Sparkman Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k442k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sparkman Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9472669

* 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
Everette L. Degolyer Elementary School Primary Regular 393 28 8
Thomas C. Marsh Middle School Middle Regular 1,084 69 2
W. T. White High School High Regular 2,290 134 4

Everette L. Degolyer Elementary School

  • Education Level: Primary
  • # of students: 393
  • # of teachers: 28
8
GreatSchools Rating

Thomas C. Marsh Middle School

  • Education Level: Middle
  • # of students: 1,084
  • # of teachers: 69
2
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

$568,800$695,200$632,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$2,195
Property Tax -$1,498
Property Insurance -$219
Property Management Fees -$99
CASH FLOW
$9

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.

$632,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,230

INVESTMENT

$173,230

Down Payment
$158,000
Rehab Estimate
$5,750
Closing Costs
$9,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,000
Loan Amount $474,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$26,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,020

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$4,020
1$4,020
$4,020
RENT COMPS ANALYSIS
  • 3630 Royal Lane Dallas, TX
    • 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,020
    • $1.21
    •  
PROPERTY LISTING DETAILS
Nina Bhanot
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504130
Last Updated: 02/01/2021
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