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PROPERTY INFO
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
- . 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
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,817
LOAN DETAILS
$889
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,979 |
| Loan Amount | $191,936 |
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
-
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
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518610
Last Updated: 02/13/2021
