315 Whispering Pine Dr · Royse City, TX 75189

$288,990

4 bd · 3.0 ba · 2,034 sqft · SingleFamily · 144 Days on market

Built 2026 Good condition 5,750 sqft lot $142/sqft · at area comps Est $291k · at est. $42/mo HOA · 2% of rent ↓ 5% since listing

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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 +11.2/30.0
• ARV discount +7.8/15.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• DSCR +3.3/10.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New! Amazing and spacious single story! Four bedrooms, three full baths, with separate study-den. Home includes, island kitchen, granite counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Are you looking for a new home in Royse City? Wildwood is now selling! This Express Series community offers 2 to 4 bedroom floorplans ranging in size from 1,022 to 2,276 square feet, providing options to best fit your lifestyle! Wildwood is located within the small, but growing town of Royse City, which offers ample amounts of shopping, dining, and entertainment, all while providing locals the benefits of small-town living. Call us today to learn more about Wildwood!

Key facts

• Led lighting
• Island kitchen
• Granite counters

Tags

• ISLAND KITCHEN
• GRANITE COUNTERS
• LED LIGHTING
• FULL SPRINKLER SYSTEM

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $289k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-110 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $273k (5.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $244k (15.5% below list).
• Recommended offer: $244k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 5.8% 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: Anita Scott El (math 53% / reading 40%, grade D-, #1,080 of 4,322 statewide, top 25%, 712 students, 47% 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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,810 units permitted in Rockwall County in 2024 (0 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.
• Rockwall County population projected at +56% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 144 days — a 12% lower offer ($254k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $244,214 (15.5% 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 144 days. Have you received any prior offers? Is the seller open to a 15% 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: 0.85% ✗
• Cap rate: 5.84%
• Cash-on-cash: -1.63%
• DSCR: 0.93
• GRM: 9.9

CMA / ARV

• ARV (median comp): $290,983
• List price: $288,990
• Delta: -0.68%
• 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
303 Whispering Pine Dr	0.04mi	4/3.0	2,034 (0%)	3mo	$311,990	$153	96
219 Desert Willow Way	0.06mi	4/3.0	2,034 (0%)	3mo	$291,185	$143	95
248 Whispering Pine Dr	0.12mi	4/3.0	2,034 (0%)	3mo	$313,990	$154	92
539 Bluejack Dr	0.11mi	4/3.0	2,034 (0%)	5mo	$274,490	$135	91
319 Desert Willow Way	0.06mi	4/3.0	2,155 (+6%)	0mo	$301,535	$140	87
239 Desert Willow Way	0.06mi	4/2.5	2,155 (+6%)	2mo	$299,535	$139	84
204 Boxwood Dr	0.21mi	4/3.0	2,155 (+6%)	2mo	$309,000	$143	78
304 Whispering Pine Dr	0.03mi	4/3.0	2,297 (+13%)	1mo	$321,990	$140	76
323 Desert Willow Way	0.06mi	4/2.5	2,276 (+12%)	2mo	$315,620	$139	73
543 Bluejack Dr	0.11mi	4/2.0	1,801 (-12%)	6mo	$265,490	$147	67
607 Bluejack Dr	0.11mi	4/2.0	1,801 (-12%)	8mo	$306,990	$170	65
623 Bluejack Dr	0.11mi	4/2.0	1,801 (-12%)	9mo	$306,990	$170	64

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: -22.5%
• Equity multiple: 0.25×
• Total profit: $-60,920
• Equity at exit: $43,089

10-year hold

• IRR: -27.0%
• Equity multiple: -0.11×
• Total profit: $-89,461
• Equity at exit: $24,987

Cash invested: $80,917 (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.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 34 active · 10 under contract
• Months of supply: 15.7 mo (6%/mo absorbed)
• Median asking: $296,348 ($162/sqft)
• Median days on market: 121 d
• This list price: 35% of active listings are priced below it
• ARV vs active asking: -11.6% 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: 9.9×

Monthly cashflow live

• Estimated rent: $2,442 medium
• Mortgage (P&I): −$1,515
• Tax est. 1.5%: −$361 /mo · $4,335/yr
• Insurance: −$120
• HOA: −$42
• Vacancy / Maint / Mgmt: −$513
• Net cashflow: $-110

Break-even live

Break-even rent $2,581

Max offer price $273,094

Occupancy floor 100%

Sensitivity live

Price	-10% $90	-5% $-10	+0% $-110	+5% $-210	+10% $-310
Rent	-10% $-303	-5% $-206	+0% $-110	+5% $-13	+10% $83
Rate	-1.0pp $36	-0.5pp $-36	base $-110	+0.5pp $-185	+1.0pp $-261

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: $72,248
• Closing costs: $8,670
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
347 Boxwood Dr Royse City, TX	4.0	2.0	1632	$1,995	$1.22	4d	1	0.14mi
444 Vitex Dr Royse City, TX	4.0	2.5	2080	$2,200	$1.06	0d	1	0.21mi
149 Boxwood Dr Royse City, TX	4.0	2.0	1820	$2,200	$1.21	0d	1	0.31mi

Listing history 50 events

1. 2026-08-08
   days on market $288,990 Active 144 DOM
2. 2026-08-06
   days on market $288,990 Active 142 DOM
3. 2026-08-05
   days on market $288,990 Active 141 DOM
4. 2026-08-04
   days on market $288,990 Active 140 DOM
5. 2026-08-03
   days on market $288,990 Active 139 DOM
6. 2026-07-31
   days on market $288,990 Active 136 DOM
7. 2026-07-30
   days on market $288,990 Active 134 DOM
8. 2026-07-28
   days on market $288,990 Active 133 DOM
9. 2026-07-26
   days on market $288,990 Active 131 DOM
10. 2026-07-24
    days on market $288,990 Active 129 DOM
11. 2026-07-23
    days on market $288,990 Active 128 DOM
12. 2026-07-22
    days on market $288,990 Active 127 DOM
13. 2026-07-21
    days on market $288,990 Active 126 DOM
14. 2026-07-20
    days on market $288,990 Active 125 DOM
15. 2026-07-18
    days on market $288,990 Active 123 DOM
16. 2026-07-18
    days on market $288,990 Active 122 DOM
17. 2026-07-16
    days on market $288,990 Active 121 DOM
18. 2026-07-15
    days on market $288,990 Active 120 DOM
19. 2026-07-14
    days on market $288,990 Active 119 DOM
20. 2026-07-13
    days on market $288,990 Active 118 DOM
21. 2026-07-13
    days on market $288,990 Active 117 DOM
22. 2026-07-11
    days on market $288,990 Active 116 DOM
23. 2026-07-10
    days on market $288,990 Active 115 DOM
24. 2026-07-09
    days on market $288,990 Active 114 DOM
25. 2026-07-07
    days on market $288,990 Active 112 DOM
26. 2026-07-06
    days on market $288,990 Active 111 DOM
27. 2026-07-06
    days on market $288,990 Active 110 DOM
28. 2026-07-05
    days on market $288,990 Active 109 DOM
29. 2026-07-03
    days on market $288,990 Active 108 DOM
30. 2026-07-02
    days on market $288,990 Active 107 DOM
31. 2026-07-01
    days on market $288,990 Active 106 DOM
32. 2026-06-30
    price $288,990 Active 105 DOM
33. 2026-06-30
    days on market $285,990 Active 105 DOM
34. 2026-06-29
    days on market $285,990 Active 104 DOM
35. 2026-06-28
    days on market $285,990 Active 103 DOM
36. 2026-06-27
    days on market $285,990 Active 102 DOM
37. 2026-06-26
    days on market $285,990 Active 101 DOM
38. 2026-06-24
    days on market $285,990 Active 99 DOM
39. 2026-06-22
    days on market $285,990 Active 97 DOM
40. 2026-06-21
    days on market $285,990 Active 96 DOM
41. 2026-06-18
    days on market $285,990 Active 93 DOM
42. 2026-06-17
    days on market $285,990 Active 92 DOM
43. 2026-06-16
    days on market $285,990 Active 91 DOM
44. 2026-06-15
    days on market $285,990 Active 90 DOM
45. 2026-06-13
    days on market $285,990 Active 88 DOM
46. 2026-06-09
    days on market $285,990 Active 84 DOM
47. 2026-06-08
    days on market $285,990 Active 83 DOM
48. 2026-06-07
    days on market $285,990 Active 82 DOM
49. 2026-06-04
    pricedays on market $285,990 Active 79 DOM
50. 2026-06-03
    days on market $295,990 Active 78 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,306
• − Mortgage interest: −$16,188
• − Property taxes: −$4,335
• − Insurance: −$1,445
• − Repairs & maintenance: −$2,344
• − Management: −$2,344
• − HOA: −$504
• − Depreciation: −$8,407
• Taxable loss: −$6,262
• Est. tax savings @ 24.0%: +$1,503
• After-tax cash flow: $185/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 · 12 photos

Good 80/100 None rehab

This single-story home is in excellent condition with modern finishes and a spacious layout. It offers a good return on investment with minimal updates needed to enhance its appeal.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Resale Updating the kitchen backsplash — A fresh backsplash can modernize the kitchen and add value. ↑
• Resale Upgrading the flooring in the bathrooms — Updated flooring can make bathrooms more appealing to potential buyers. ↑
• Both Adding smart home features — Smart home features can increase convenience and appeal to both buyers and tenants. ↑
• Both Upgrading the lighting fixtures — Modern lighting can enhance the overall aesthetic and functionality of the home. ↑

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Anita Scott 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

• County: Rockwall County · 118,396 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

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Population outlook (Rockwall County) Hauer SSP2

• Today (2025): 118,396 people
• By 2030: 132,209 · +11.7%
• By 2040: 159,538 · +34.7%
• By 2050: 185,299 · +56.5%
• By 2075: 243,489 · +105.7%
• By 2100: 277,814 · +134.6%

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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%

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Political lean MEDSL · Rockwall

• 2024 margin: Solid R (+40.9) · D 29.1% · R 70.0%
• 2008→2024 swing: +5.3pp toward D · 2008: -46.2pp · 2024: -40.9pp
• All cycles: 2024: R+40.9 2020: R+37.7 2016: R+47.5 2012: R+53.3 2008: R+46.2

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

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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

Price history

-5.1% since first listed

4 events — show timeline

• 2026-05-13 Price Changed $295,990 NTREIS
• 2026-05-11 Price Changed $315,990 NTREIS
• 2026-04-06 Price Changed $313,990 NTREIS
• 2026-03-17 Listed $311,990 NTREIS