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922 Saint Matthew Circle Royse City, TX 75189

3 Beds 3 Baths 2,121 sqft Built 2016

$296,850

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $139.96
  • 6 Days on Market
  • MLS # : 14510792
  • Updated Date : 02/02/2021 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,121 sqft
  • Baths : 2 full , 1 half
Listing Agent

Citiwide Alliance Realty

Listing Agent's Description

Beautiful Custom built 2016 House. Open Floor Plan, High Ceiling, Granite Counter Top in kitchen and bath, stainless steel appliances, 42in wood cabinets. family room with gas start Fireplace. Three bedrooms with large Master, engineered hardwood in entry & living. Ceramic tiles in kitchen and bath. The master suite has dual sinks and a separate shower and walk-in closet. Jetted Bath with designer shower. Great Opportunity. 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
 

$267,165$326,535$296,850

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,031
Property Tax -$605
Property Insurance -$150
HOA -$100
Property Management Fees -$99
CASH FLOW
-$55

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.

$296,850

PROJECTED PRICE

$1,930

PROJECTED RENT

0.65%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$84,415

INVESTMENT

$84,415

Down Payment
$74,213
Rehab Estimate
$5,750
Closing Costs
$4,453

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,031

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,213
Loan Amount $222,638
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,957

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8003$1,8504$1,9305$2,200
$2,200
RENT COMPS ANALYSIS
  • 922 Saint Matthew Circle Royse City, TX 4
    • 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,121 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.91
    •  
  • 1940 Ridgecrest Drive Royse City, TX 1
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.95
    •  
  • 1002 Saint Jude Court Royse City, TX 2
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2016
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 1933 Glen Meadow Drive Royse City, TX 3
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2019
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 914 Saint Matthew Circle Royse City, TX 5
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2017
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Thomas Varghese
Citiwide Alliance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510792
Last Updated: 02/02/2021
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