1107 Shorthorn St · Royse City, TX
Flood risk No data
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- —
- Est. flood insurance / yr
- —
Fire risk No data
- Est. fire insurance / yr
- —
Heat risk No data
- Hot days now (above threshold)
- —
- Hot days in 30 yrs
- —
Wind risk No data
- Chance of severe wind over 30 yrs
- —
Air-quality risk No data
- Unhealthy air days now
- —
- Unhealthy air days in 30 yrs
- —
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- 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?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- IRR
- -20.6%
- Equity multiple
- 0.30×
- Total profit
- $-55,527
- Equity at exit
- $42,493
- 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
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
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$532
- Net cashflow
- $-31
Break-even live
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
- Club membership (one-time)
- —
- 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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-08-08days on market $284,990 Active 94 DOM
-
2026-08-06days on market $284,990 Active 92 DOM
-
2026-08-05days on market $284,990 Active 91 DOM
-
2026-08-04days on market $284,990 Active 90 DOM
-
2026-08-03days on market $284,990 Active 89 DOM
-
2026-07-31days on market $284,990 Active 86 DOM
-
2026-07-30days on market $284,990 Active 84 DOM
-
2026-07-28days on market $284,990 Active 83 DOM
-
2026-07-26days on market $284,990 Active 81 DOM
-
2026-07-24days on market $284,990 Active 79 DOM
-
2026-07-23days on market $284,990 Active 78 DOM
-
2026-07-22days on market $284,990 Active 77 DOM
-
2026-07-21days on market $284,990 Active 76 DOM
-
2026-07-20days on market $284,990 Active 75 DOM
-
2026-07-18days on market $284,990 Active 73 DOM
-
2026-07-18days on market $284,990 Active 72 DOM
-
2026-07-16days on market $284,990 Active 71 DOM
-
2026-07-15days on market $284,990 Active 70 DOM
-
2026-07-14days on market $284,990 Active 69 DOM
-
2026-07-13days on market $284,990 Active 68 DOM
-
2026-07-13days on market $284,990 Active 67 DOM
-
2026-07-11days on market $284,990 Active 66 DOM
-
2026-07-10days on market $284,990 Active 65 DOM
-
2026-07-09days on market $284,990 Active 64 DOM
-
2026-07-07days on market $284,990 Active 62 DOM
-
2026-07-06days on market $284,990 Active 61 DOM
-
2026-07-06days on market $284,990 Active 60 DOM
-
2026-07-05days on market $284,990 Active 59 DOM
-
2026-07-03days on market $284,990 Active 58 DOM
-
2026-07-02days on market $284,990 Active 57 DOM
-
2026-07-01days on market $284,990 Active 56 DOM
-
2026-06-30days on market $284,990 Active 55 DOM
-
2026-06-29days on market $284,990 Active 54 DOM
-
2026-06-28days on market $284,990 Active 53 DOM
-
2026-06-27days on market $284,990 Active 52 DOM
-
2026-06-26days on market $284,990 Active 51 DOM
-
2026-06-24days on market $284,990 Active 49 DOM
-
2026-06-22days on market $284,990 Active 47 DOM
-
2026-06-21days on market $284,990 Active 46 DOM
-
2026-06-18days on market $284,990 Active 43 DOM
-
2026-06-17days on market $284,990 Active 42 DOM
-
2026-06-16days on market $284,990 Active 41 DOM
-
2026-06-15days on market $284,990 Active 40 DOM
-
2026-06-13pricedays on market $284,990 Active 38 DOM
-
2026-06-09days on market $294,990 Active 34 DOM
-
2026-06-08days on market $294,990 Active 33 DOM
-
2026-06-07days on market $294,990 Active 32 DOM
-
2026-06-04days on market $294,990 Active 29 DOM
-
2026-06-03days on market $294,990 Active 28 DOM
-
2026-06-02days 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
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
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
- 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
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. ↑
Zoned Schools
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
Livability — Royse City
- Score
- 75/100
- State rank
- #158
- US rank
- #4292
Category grades
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
- 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
- —
Market trends
- HPI YoY
- ▼ -71.10%
- Current HPI
- 212.8422
- Rent YoY
- ▼ -1.13%
- Metro
- Dallas-Fort Worth-Arlington, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
|
||
| Technology | 5 | $198B |
|
||
| Engineering / Construction | 4 | $72B |
|
||
| Energy Services | 3 | $60B |
|
||
| Utilities | 3 | $41B |
|
||
| Healthcare | 2 | $330B |
|
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Price history
-8.1% since first listed4 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
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…