Looking at buying in Royse City (Dallas, Garland: rental, homes, construction)

[OCinvestor]

I am considering purchasing an investment property to rent out in Royse City. What are locals thoughts on this area? Would you live there?

Also - I am concerned about how far it seems to be to the DFW metro plex. Is Rosye city too far to commute into east Dallas? How is the commute on the I-20? Will the Tollway extension to the I-20 open make Royse City more drivable for workers in major job centers in the metroplex?

Thanks in advance for your help!

[ChristieP]

My sister lives in Royse City, so I'm familiar with the area.
People there use I-30 to commute into Dallas, and it's not horrible from Royse City to downtown Dallas. I guess if someone worked in North Dallas they could go up the George Bush tollway, but that would be a long and somewhat expensive drive.
The only concern I'd have with a rental property there would be that the people who are willing to drive that far (with gas over $3 a gallon) aren't going to take the best care of your property. You may have to paint and replace flooring fairly frequently. Other than that, it is a growing area with lots of families, and it will grow more once there is a Wal-Mart or a grocery store!

[nsumner]

Royse City is still growing therefore there is still a lot of construction going up there. I think that if you buy there as an investment, it would have to be a heck of a deal. Most people that would look to rent there, would proably afford to buy too.

Royse City is a nice town and like ChristieP said, it's really not a bad commute to Dallas.

A few doctors/dentists from the neighboring cities like Garland and Rowlett have moved their practice to Royse City to build up a client base before others move in.

You may want to consider a city that is not experiencing as much growth and has more employers or public transportation to have a a higher ROI and turnover.

Naima

[angram73]

I think you should check out Choice Homes. They have some great homes at great prices.

[jeffeast]

If your under $1000 month you could do well 3br minimum