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912 Wood Street Royse City, TX 75189

3 Beds 2 Baths 1,320 sqft Built 1980

$235,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $178.03
  • 3 Days on Market
  • MLS # : 14520084
  • Updated Date : 02/26/2021 at 15:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Adorable fully updated home in the heart of Royse City. With granite counter tops throughout, subway tile backsplash, designer lighting, ss appliances, crown molding and wood like vinyl flooring, this home is a real show stopper! Situated on a huge lot with mature trees and fabulous covered patio, all walking distance to local shops and eateries. Third bedroom could be a perfect media room or office. This rare gem will not last long!! Washer and Dryer can convey with property.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$816
Property Tax -$513
Property Insurance -$104
Property Management Fees -$99
CASH FLOW
-$142

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

$1,390

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4953$1,4954$1,5005$1,675
$1,675
RENT COMPS ANALYSIS
  • 912 Wood Street Royse City, TX 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.05
    •  
  • 313 Bowie Street Royse City, TX 2
    • 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1999
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.22
    •  
  • 801 Loganwood Drive Royse City, TX 3
    • 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,291 Sqft ∙ Built 1984
    property image
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 509 E Lamar Street Royse City, TX 4
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1980
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 201 S Houston Street Royse City, TX 5
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1985
    property image
    LEASED 02/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.34
    •  
PROPERTY LISTING DETAILS
Patty Turner
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520084
Last Updated: 02/26/2021
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