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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $125.80
- 2 Days on Market
- MLS # : 14517907
- Updated Date : 02/20/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,868 sqft
- Baths : 2 full
Listing Agent
Homelink Investment, Inc.
Listing Agent's Description
Open & spacious single story home with 4 bedrooms, 2 baths, 2 living & 2 eating areas. Newly updated with fresh interior & exterior paint, new granite counter top & stove in kitchen, new quality carpet, new kitchen & bath sink faucets, new blinds and new locks. Other recent updates include beautiful laminate wood floor in living, dining, family and a secondary bedroom; tile in kitchen & breakfast; microwave, dishwasher & garbage disposer. Well-appointed kitchen with island & plenty of cabinet space. Generous backyard offers ample space for outdoor gatherings. Won't last! Don't miss!
SEE MORE
- 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
* 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 | $1,630 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$513 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$67
|
||
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.
$235,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.69%
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) | 8.00% |
| 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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
5.67
YEARS SAVED
$15,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,667
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
904 Nancy Drive Royse City, TX 3
- 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,630
- $0.87
-
1700 Bob Drive Royse City, TX 1
- 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2006
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,499
- $0.83
-
808 Mackenzie Drive Royse City, TX 2
- 4 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,891 Sqft ∙ Built 2001
LEASED 03/08/20- Rent
- Rent Per SQFT
- $1,590
- $0.84
-
824 Cooper Lane Royse City, TX 4
- 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 2001
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,675
- $0.95
-
520 Sandy Lane Royse City, TX 5
- 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
PROPERTY LISTING DETAILS
Homelink Investment, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517907
Last Updated: 02/20/2021
