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4016 Delta Drive Royse City, TX 75189

3 Beds 2 Baths 1,460 sqft Built 2021

$255,914

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $175.28
  • 1 Days on Market
  • MLS # : 14518610
  • Updated Date : 02/13/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,460 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14518610 - Built by History Maker Homes - May completion! ~ this charming ranch style home is full of character! With beautiful features including 42in white cabinets, quartz countertops, subway tile backsplash, large kitchen Island, and stainless steel appliances. Continuous LVP flooring in all high traffic areas allow this open concept floorplan to flow seamlessly for optimal use of space and entertainment. Master suite includes dual sink vanity and large walk in shower.

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
Fort Elementary School Primary Regular 555 41 8
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

Fort Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 41
8
GreatSchools Rating

Royse City Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 47
6
GreatSchools Rating

Royse City High School

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

$230,323$281,505$255,914

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$889
Property Tax -$559
Property Insurance -$112
HOA -$50
Property Management Fees -$99
CASH FLOW
-$189

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$255,914

PROJECTED PRICE

$1,520

PROJECTED RENT

0.59%

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) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,817

INVESTMENT

$69,817

Down Payment
$63,979
Rehab Estimate
$2,000
Closing Costs
$3,839

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$889

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,979
Loan Amount $191,936
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5503$1,6954$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 4016 Delta Drive Royse City, TX 1
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.04
    •  
  • 225 Cookston Lane Royse City, TX 2
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2005
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 520 Sandy Lane Royse City, TX 3
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 2006
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 2111 Slow Stream Drive Royse City, TX 4
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 2018
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.15
    •  
  • 3017 Estuary Drive Royse City, TX 5
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2018
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518610
Last Updated: 02/13/2021
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