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1107 Shorthorn St
D Composite 43.85
Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +12.7/30.0
  • ARV discount +8.3/15.0
  • Condition / age +5.0/5.0
  • Schools +4.2/10.0
  • 1% rule +3.9/10.0
  • DSCR +3.8/10.0
  • Livability +3.8/5.0
  • Rent growth +2.2/5.0
  • Appreciation +0.0/10.0

$284,990

1107 Shorthorn St · Royse City, TX 75189
4 bd · 2.0 ba · 2,083 sqft · SingleFamily · 94 Days on market
Built 2026 Excellent condition 6,000 sqft lot 2-car garage $137/sqft · at area comps Est $290k · at est. $65/mo HOA · 3% of rent ↓ 8% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

MLS# 21262507 - Built by Imagination Homes - Ready Now! ~ Imagination Homes presents The Chorus — a spacious and functional single-story home with 4 bedrooms, 2 bathrooms, and 2,083 sq. ft. of beautifully designed living space. Step into an inviting open-concept layout that seamlessly blends everyday comfort with thoughtful design. The heart of the home is the expansive family room, which flows into the dining area and a modern kitchen featuring a center island, quartz countertops, a walk-in pantry, and a full suite of GE appliances including a gas range, microwave, and dishwasher.

Key facts

  • Quartz countertops
  • Modern kitchen
  • Center island

Tags

OPEN-CONCEPT LAYOUTEXPANSIVE FAMILY ROOMMODERN KITCHENCENTER ISLANDQUARTZ COUNTERTOPSWALK-IN PANTRY

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $285k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-31 ($-376/yr) — negative.
  • To cash-flow at today's rent, offer at most $280k (1.6% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $254k (11.0% below list).
  • Recommended offer: $254k (11.0% below list) — sets the bar for 1% rule.
  • Cap rate 6.2% vs local median 4.2% in Royse City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 75/100 on livability (#158 in TX, #4,292 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F.
  • Royse City ISD (rural): math 42% / reading 42% proficiency, ranked #266 of 826 in TX (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Davis El (math 52% / reading 41%, grade D-, #1,080 of 4,322 statewide, top 25%, 500 students, 52% FRL); Ouida Baley Middle (math 32% / reading 35%, grade F, #911 of 1,662 statewide, top 56%, 934 students, 43% FRL); Royse City H S (math 38% / reading 55%, grade D-, #621 of 1,632 statewide, top 38%, 2,526 students, 37% FRL).
  • Market conditions: Rents soft (-1.1%/yr); 1569 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 63% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 19,194 units permitted in Collin County in 2024 (3,988 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 94 days — a 9% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
Recommended offer $253,569 (11.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.89%
Cap rate
6.16%
Cash-on-cash
-0.47%
DSCR
0.98
GRM
9.4

CMA / ARV

ARV (median comp)
$289,990
List price
$284,990
Delta
-1.72%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1132 Shorthorn St 0.06mi 4/2.0 2,083 (0%) 1mo $284,990 $137 96
3720 Prairie Chapel Rd 0.08mi 4/2.0 2,168 (+4%) 0mo $299,990 $138 89
3607 Brewster Ln 0.06mi 4/2.0 2,167 (+4%) 2mo $299,990 $138 89
3816 Prairie Chapel Rd 0.12mi 4/2.0 2,168 (+4%) 2mo $294,990 $136 86
3736 Prairie Chapel Rd 0.08mi 4/2.0 1,962 (-6%) 2mo $289,990 $148 85
3745 Prairie Chapel Rd 0.11mi 4/2.0 1,962 (-6%) 2mo $274,990 $140 83
3819 Prairie Chapel Rd 0.14mi 4/2.0 1,962 (-6%) 2mo $279,990 $143 82
3716 Prairie Chapel Rd 0.08mi 4/2.0 1,865 (-10%) 1mo $274,990 $147 78
1025 Saint Matthew Cir 0.30mi 3/2.5 (-1) 1,971 (-5%) 1mo $265,000 $134 69
3220 Larry Lott Blvd 0.40mi 3/2.0 (-1) 1,925 (-8%) 0mo $392,605 $204 64
1112 Pitchfork Rd 0.53mi 3/2.5 (-1) 2,164 (+4%) 2mo $387,941 $179 60
1116 Pitchfork Rd 0.53mi 4/3.0 2,315 (+11%) 2mo $402,516 $174 51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
-20.6%
Equity multiple
0.30×
Total profit
$-55,527
Equity at exit
$42,493
10-year hold
IRR
-22.9%
Equity multiple
0.01×
Total profit
$-79,320
Equity at exit
$24,641

Cash invested: $79,797 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Texas
87 Strongly Landlord-Friendly · R+5
County
— inherits STATE
City
— inherits STATE
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
56 active · 19 under contract
Months of supply
12.9 mo (8%/mo absorbed)
Median asking
$335,490 ($161/sqft)
Median days on market
130 d
This list price
9% of active listings are priced below it
ARV vs active asking
-13.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75189

Home prices YoY
-25.0%
Rents YoY
-1.1%
Active inventory
1569
Price-to-rent
9.4×

Monthly cashflow live

Estimated rent
$2,536 high interval (Pro) →
Mortgage (P&I)
$1,495
Tax est. 1.5%
$356 /mo · $4,275/yr
Insurance
$119
HOA
$65
Vacancy / Maint / Mgmt
$532
Net cashflow
$-31

Break-even live

Break-even rent $2,575
Max offer price $280,460
Occupancy floor 96%

Sensitivity live

Price -10% $166 -5% $67 +0% $-31 +5% $-130 +10% $-228
Rent -10% $-232 -5% $-131 +0% $-31 +5% $69 +10% $169
Rate -1.0pp $112 -0.5pp $41 base $-31 +0.5pp $-105 +1.0pp $-180

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$71,248
Closing costs
$8,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 19 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3745 Prairie Chapel Rd Royse City, TX 4.0 2.0 1962 $2,300 $1.17 0d 1 0.09mi
2401 Green River Rd Royse City, TX 4.0 3.0 2184 $2,700 $1.24 31d 1 1.04mi
2401 Green River Rd Royse City, TX 4.0 3.0 2184 $2,500 $1.14 0d 1 1.04mi
2412 Green River Rd Royse City, TX 4.0 3.5 2547 $2,600 $1.02 23d 1 1.08mi
2420 Green River Rd Royse City, TX 4.0 3.5 2262 $2,700 $1.19 61d 1 1.08mi
2629 Green River Rd Royse City, TX 4.0 3.0 2182 $2,500 $1.15 0d 1 1.11mi
2629 Green River Rd Royse City, TX 4.0 3.0 2182 $2,500 $1.15 73d 1 1.11mi
2500 Gaulding St Royse City, TX 4.0 2.5 2628 $2,475 $0.94 46d 1 1.13mi
2500 Gaulding St Royse City, TX 4.0 2.5 2628 $2,475 $0.94 29d 1 1.13mi
2413 Spring Side Dr Royse City, TX 4.0 3.0 2164 $2,190 $1.01 93d 1 1.14mi
2717 Green River Rd Royse City, TX 3.0 2.5 1935 $2,199 $1.14 56d 1 1.14mi
2717 Green River Rd Royse City, TX 3.0 3.0 1935 $2,099 $1.08 2d 1 1.14mi
2721 Green River Rd Royse City, TX 4.0 3.5 2289 $2,299 $1.00 93d 1 1.14mi
2529 Moser Ln Royse City, TX 4.0 3.0 2174 $2,600 $1.20 43d 1 1.17mi
3109 Leatherwood Ln Royse City, TX 4.0 2.0 1800 $2,050 $1.14 42d 1 1.21mi
3109 Leatherwood Ln Royse City, TX 4.0 2.0 1800 $2,295 $1.27 61d 1 1.21mi
2805 Caroline St Royse City, TX 4.0 3.5 2550 $2,450 $0.96 46d 1 1.22mi
3100 Leatherwood Ln Royse City, TX 4.0 2.5 2544 $2,600 $1.02 59d 1 1.24mi
3032 Leatherwood Ln Royse City, TX 3.0 2.0 1586 $2,000 $1.26 0d 1 1.26mi

Property features AI

Finance

Other
Community features: community pool, community sprinkler, greenbelt, playground, sidewalks
Financial info
No second mortgage
HOA & community
Mandatory association with annual feeAssociation fee includes grounds and structure maintenance and managementHOA management by Neighborhood Management, Inc.

Exterior

Parking
Attached 2-car garage with garage door opener and garage facing front2 covered driveway spaces
Security
Smoke detector(s)
Utilities
City waterCity sewerIndividual gas meterIndividual water meterElectricity available and connectedUnderground utilitiesCommunity mailboxCurbs and sidewalks
Home design
Single family residenceOne storyNew construction (incomplete, year built 2026)Not attached to another propertyLocated in Clearview Ranch subdivision
Construction
Brick and frame construction with siding and radiant barrierShingle/composition roofSlab foundation
Exterior features
Covered porchCovered patioBack yard wood fenceCorner lotAdjacent to greenbelt

Interior

Kitchen
DishwasherGas rangeMicrowaveDisposalGas water heaterSolid surface/non-natural countertopsBuilt-in cabinetsEat-in kitchen
Bedrooms
Primary bedroom (level 1) with dual sinks, separate shower, and walk-in closetBedroom (level 1)Bedroom (level 1)Bedroom (level 2)
Flooring
CarpetLuxury vinyl plank
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (natural gas)ENERGY STAR qualified equipment and installationCentral electric air conditioning
Interior features
Open floorplanKitchen islandPantryGranite countersCable TV availableHigh speed internet availableWalk-in closet(s)
Laundry & utility
Full-size washer/dryer areaWasher hookupElectric dryer hookupUtility room

HOA detail $65/mo · $780/yr

Likely covers
gas

Listing history 50 events

  1. 2026-08-08
    days on market $284,990 Active 94 DOM
  2. 2026-08-06
    days on market $284,990 Active 92 DOM
  3. 2026-08-05
    days on market $284,990 Active 91 DOM
  4. 2026-08-04
    days on market $284,990 Active 90 DOM
  5. 2026-08-03
    days on market $284,990 Active 89 DOM
  6. 2026-07-31
    days on market $284,990 Active 86 DOM
  7. 2026-07-30
    days on market $284,990 Active 84 DOM
  8. 2026-07-28
    days on market $284,990 Active 83 DOM
  9. 2026-07-26
    days on market $284,990 Active 81 DOM
  10. 2026-07-24
    days on market $284,990 Active 79 DOM
  11. 2026-07-23
    days on market $284,990 Active 78 DOM
  12. 2026-07-22
    days on market $284,990 Active 77 DOM
  13. 2026-07-21
    days on market $284,990 Active 76 DOM
  14. 2026-07-20
    days on market $284,990 Active 75 DOM
  15. 2026-07-18
    days on market $284,990 Active 73 DOM
  16. 2026-07-18
    days on market $284,990 Active 72 DOM
  17. 2026-07-16
    days on market $284,990 Active 71 DOM
  18. 2026-07-15
    days on market $284,990 Active 70 DOM
  19. 2026-07-14
    days on market $284,990 Active 69 DOM
  20. 2026-07-13
    days on market $284,990 Active 68 DOM
  21. 2026-07-13
    days on market $284,990 Active 67 DOM
  22. 2026-07-11
    days on market $284,990 Active 66 DOM
  23. 2026-07-10
    days on market $284,990 Active 65 DOM
  24. 2026-07-09
    days on market $284,990 Active 64 DOM
  25. 2026-07-07
    days on market $284,990 Active 62 DOM
  26. 2026-07-06
    days on market $284,990 Active 61 DOM
  27. 2026-07-06
    days on market $284,990 Active 60 DOM
  28. 2026-07-05
    days on market $284,990 Active 59 DOM
  29. 2026-07-03
    days on market $284,990 Active 58 DOM
  30. 2026-07-02
    days on market $284,990 Active 57 DOM
  31. 2026-07-01
    days on market $284,990 Active 56 DOM
  32. 2026-06-30
    days on market $284,990 Active 55 DOM
  33. 2026-06-29
    days on market $284,990 Active 54 DOM
  34. 2026-06-28
    days on market $284,990 Active 53 DOM
  35. 2026-06-27
    days on market $284,990 Active 52 DOM
  36. 2026-06-26
    days on market $284,990 Active 51 DOM
  37. 2026-06-24
    days on market $284,990 Active 49 DOM
  38. 2026-06-22
    days on market $284,990 Active 47 DOM
  39. 2026-06-21
    days on market $284,990 Active 46 DOM
  40. 2026-06-18
    days on market $284,990 Active 43 DOM
  41. 2026-06-17
    days on market $284,990 Active 42 DOM
  42. 2026-06-16
    days on market $284,990 Active 41 DOM
  43. 2026-06-15
    days on market $284,990 Active 40 DOM
  44. 2026-06-13
    pricedays on market $284,990 Active 38 DOM
  45. 2026-06-09
    days on market $294,990 Active 34 DOM
  46. 2026-06-08
    days on market $294,990 Active 33 DOM
  47. 2026-06-07
    days on market $294,990 Active 32 DOM
  48. 2026-06-04
    days on market $294,990 Active 29 DOM
  49. 2026-06-03
    days on market $294,990 Active 28 DOM
  50. 2026-06-02
    days on market $294,990 Active 27 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,428
− Mortgage interest
−$15,964
− Property taxes
−$4,275
− Insurance
−$1,425
− Repairs & maintenance
−$2,434
− Management
−$2,434
− HOA
−$780
− Depreciation
−$8,291
Taxable loss
−$5,175
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,242
After-tax cash flow
$866/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 22 photos

Excellent 100/100 None rehab

This single-story home is move-in ready with a modern design, spacious layout, and excellent condition. It offers a great opportunity for both resale and rental markets.

Value-add opportunities

  • Both Paint interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
  • Resale Replace countertops — Quartz countertops are durable and can add value to the home.
  • Both Install smart home devices — Smart home devices can increase convenience and appeal to tech-savvy buyers/tenants.
F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Davis El D- TX #1,080/4,322 Nat'l #15,452/41,679 Middle Ouida Baley Middle F TX #911/1,662 Nat'l #7,937/14,009 High Royse City H S D- TX #621/1,632 Nat'l #6,621/17,239

Schools (NCES district)

District
Royse City ISD
NCES district ID
4838220
Math proficiency
42% ▼ -10.00%
Reading proficiency
42% ▼ -5.00%
Median HH income
$73,810
Composite
38.44/100
National rank
#4197
State rank
#266 of 826 in TX
B Composite livability gradescore 75/100

Livability — Royse City

Score
75/100
State rank
#158
US rank
#4292

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment A+ Housing A+ Health & safety B+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Royse City, TX
County
Rockwall County · 1,210,074 people
City population
48,739
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
48,739
Household income
$117,125
Rent vs Own
11.5% rent · 88.5% own
Severe rent burden
22% of renters

Population outlook (Collin County) Hauer SSP2

Today (2025)
1,210,074 people
By 2030
1,358,201 · +12.2%
By 2040
1,654,061 · +36.7%
By 2050
1,937,359 · +60.1%
By 2075
2,567,039 · +112.1%
By 2100
2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.57)
Race & ethnicity
White 60% Hispanic / Latino 25% Two or more races 12% Black 10% Asian 2%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Slovak 2% Serbian 1% Lithuanian 1%
Foreign-born
10% · Canada, Philippines, Jamaica
Languages at home
80% English-only · Spanish 15% Other Indo-European 1%

Political lean MEDSL · Collin

2024 margin
R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
2008→2024 swing
+14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
All cycles
2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

Civics

Price history

-8.1% since first listed
4 events — show timeline
  • 2026-06-12 Price Changed $284,990 NTREIS
  • 2026-05-29 Price Changed $294,990 NTREIS
  • 2026-05-09 Price Changed $304,990 NTREIS
  • 2026-05-06 Listed $309,990 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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