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5324 Gary Court Royse City, TX 75189

3 Beds 2 Baths 1,885 sqft Built 2005

$295,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $156.50
  • 3 Days on Market
  • MLS # : 14487671
  • Updated Date : 12/18/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,885 sqft
  • Baths : 2 full
Listing Agent

Genstone Realty

Listing Agent's Description

This home has it all! Watch the sunrise from your front porch or sit and watch the sun set from the large back patio. Fantastic open layout with wood floors, split bedrooms, fireplace, and dining room overlooking the 2acres and small pond. Kitchen is open with a breakfast bar for easy entertaining space! Mstr bdrm has lrg walkin closet, frameless glass shower, soaking tub. Garage converted to an awesome 2nd liv area or media rm. Located at the end of a culdesac for peace and quiet. NO HOA! Zoned for award winning Caddo Mills ISD. Recent updates include HVAC, Waterheater, roof, flooring, paint. See agent for full list of updates. The perfect blend of a close knit neighborhood with the freedom of country life!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
Caddo Mills High School High Regular 447 33 6

Caddo Mills High School

  • Education Level: High
  • # of students: 447
  • # of teachers: 33
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,088
Property Tax -$594
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
-$248

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.

$295,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.57%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7003$1,7004$1,7495$1,800
$1,800
RENT COMPS ANALYSIS
  • 5324 Gary Court Royse City, TX 1
    • 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.89
    •  
  • 1320 Basswood Lane Royse City, TX 2
    • 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2018
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 1229 Basswood Lane Royse City, TX 3
    • 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,807 Sqft ∙ Built 2017
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.94
    •  
  • 4400 Jock Ewing Circle Royse City, TX 4
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2011
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.86
    •  
  • 1228 Basswood Lane Royse City, TX 5
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Allyson Mcclurg
Genstone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487671
Last Updated: 12/18/2020
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