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516 Autumn Trail Royse City, TX 75189

3 Beds 2 Baths 1,568 sqft Built 2013

$215,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $137.12
  • 2 Days on Market
  • MLS # : 14514524
  • Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Central

Listing Agent's Description

Beautiful custom home in a well established neighborhood. This three bedroom, two bathroom home has an open floor plan with large living area, wood burning fireplace, vaulted ceilings, granite countertops and stainless steel appliances. Master bedroom has garden tub, separate shower, dual sinks and a walk in closet. This home is a must see!

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
Davis Elementary School Primary Regular 476 37 6
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

Davis Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 37
6
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
 

$193,500$236,500$215,000

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 -$747
Property Tax -$469
Property Insurance -$118
Property Management Fees -$99
CASH FLOW
$87

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.

$215,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.71%

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) 8.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$16,098

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
  • $0.97

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,5204$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 516 Autumn Trail Royse City, TX 3
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.97
    •  
  • 317 Rustic Grove Lane Royse City, TX 1
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 2005
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.99
    •  
  • 217 Falling Leaves Trail Royse City, TX 2
    • 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 2003
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 409 Rustic Grove Lane Royse City, TX 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2001
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 309 Autumn Trail Royse City, TX 5
    • 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,730 Sqft ∙ Built 2002
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jennifer Laws
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514524
Last Updated: 02/06/2021
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