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4148 Down Rush Drive Royse City, TX 75189

4 Beds 3 Baths 2,103 sqft Built 2021

$384,871

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $183.01
  • 2 Days on Market
  • MLS # : 14514466
  • Updated Date : 03/27/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,103 sqft
  • Baths : 2 full , 1 half
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14514466 - Built by Highland Homes - Ready Now! ~ Gorgeous home! This single-story home is designed for livability. A charming front porch leads to the dramatic arched entry and soaring ceilings. Three of the four bedrooms are up front leading to the family room and open kitchen with a large island, extra counter space, and an inviting dining area with a bay window. Master has a bay window and en suite bath with a drop in tub

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
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
 

$346,384$423,358$384,871

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,337
Property Tax -$840
Property Insurance -$149
HOA -$46
Property Management Fees -$99
CASH FLOW
-$471

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.

$384,871

PROJECTED PRICE

$2,000

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,991

INVESTMENT

$103,991

Down Payment
$96,218
Rehab Estimate
$2,000
Closing Costs
$5,773

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,218
Loan Amount $288,653
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$65

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 4148 Down Rush Drive Royse City, TX 4
    • 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 409 Cookston Lane Royse City, TX 1
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2005
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 224 Ame Lane Royse City, TX 2
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 2008
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 2016 Jessica Way Royse City, TX 3
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 2008
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 2038 Brookside Drive Royse City, TX 5
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2019
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514466
Last Updated: 03/27/2021
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