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5055 Brooklet Boulevard Royse City, TX 75189

4 Beds 3 Baths 2,103 sqft Built 2020

$385,757

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $183.43
  • 1 Days on Market
  • MLS # : 14532683
  • Updated Date : 03/13/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,103 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14532683 - Built by Highland Homes - June completion! ~ 1 story home with soaring ceilings and open concept family room. Charming Front Entrance and extended covered patio. Kitchen features designer tile backsplash with gas cooktop, walk in pantry and expansive granite island. Master Suite features a bay window and large walk-in closet, garden tub with separate shower, dual vanities with knee space.

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

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
 

$347,181$424,333$385,757

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 -$1,340
Property Tax -$842
Property Insurance -$149
HOA -$50
Property Management Fees -$99
CASH FLOW
-$480

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.

$385,757

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$104,226

INVESTMENT

$104,226

Down Payment
$96,439
Rehab Estimate
$2,000
Closing Costs
$5,786

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,340

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,439
Loan Amount $289,318
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$57

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
  • 5055 Brooklet Boulevard Royse City, TX 4
    • 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,103 Sqft ∙ Built 2020
    • 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
    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
    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
    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
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.01
    •  
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 #: 14532683
Last Updated: 03/13/2021
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