Subto Deal in Royse City, TX – 4BD/3BA, 2022 Build, $32K Entry, Tenants Occupied & Cash Flowing!

3320 Oak Ln, Royse City, TX 75189

PROPERTY DETAILS

-4 bd

-3 ba

-2,063 sqft

-7,187 sqft lot

-2022 build

-2 car garage

-$28/mo HOA

TERMS

-Total Purchase Price: $388,573.30

-Entry Fee: $32,000 + CC + TC ($1,250)

SUBJECT TO INFO

-Mortgage balance: $356,573.27

-Interest rate: 6.375%

-PITI: $3,044.46

-Principal: $362.81

-Interest: $1,894.30

-Escrow: $787.35

-HOA: $28

-Total Monthly Payment: $3,072.46

RECOMMENDED EXITS

-LTR: $2,310 (Rentcast)

-MTR: $2,990 - $3,800 (Furnished Finder)

-STR: $4,552 (DataRabbu)

-HOMESTEAD

OTHER NOTES

-No Rental Restrictions

-Current Tenants Occupied:

-Tenant 1: Monthly Rent: $895

-Lease Type: 12-month lease (expires June 20, 2025, then month-to-month)

-Tenant 2: Monthly Rent: $850

-Lease Type: Month-to-month lease (starts October 1, 2024)

-Tenant 3: Monthly Rent: $750

-Lease Type: Expires November 30, 2024, then month-to-month

-Tenant 4: Monthly Rent: $900

-Lease Type: Month-to-month lease

-Total Monthly Income from Tenants: $3,395

-Security Deposits Held: $2,595 (will be credited to buyer at closing)

-All tenants are required to provide a 30-day notice before leaving.

-All tenants were found through Facebook Marketplace within 2-3 weeks.

-The property comes with all existing furniture and appliances.

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Link to photos  |  Link to mortgage statement