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1008 Hummingbird Court 
Forney, TX
75126
4 Beds 4 Baths 3,491 sqft
Built 2017
INVESTimate
$359,000
List Price
$100,885
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $102.84
- 2 Days on Market
- MLS # : 14419611
- Updated Date : 08/25/2020 at 14:44
CONSTRUCTION
- Beds : 4
- Floor Size : 3,491 sqft
- Baths : 3 full , 1 half
Listing Agent
Storybook Realty Llc
Listing Agent's Description
STUNNING ONE OWNER First Texas Home in Cul-de-sac in booming Forney! 4 bed, 3.1 baths, 2 car garage with MEDIA room pre-wired and ready for equipment. Open chef's kitchen includes butler's pantry, double ovens, huge granite island, pot filler, upgraded cabinetry, touch activated kitchen sink, gas range. Great for hosting! Formal dining included. Wrought iron railed stairs lead to 2nd floor. Easy cleaning windows. Sprinkler system. 2019 New Workshop shed installed. Smart Home. Pest repellant piping. Beautiful upgrades throughout including wood like tile, 2 vinyl blinds. Open loft perfect for pool table. Master suite includes, larger shower with tile floor, garden tub, granite counters, and 2 MASTER CLOSETS!
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,325 |
| Property Tax | -$823 | |
| Property Insurance | -$229 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$88
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$359,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 2.72% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$100,885
LOAN DETAILS
$1,325
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
3.17
YEARS SAVED
$11,218
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,592
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
1008 Hummingbird Court Forney, TX 3
- 4 beds 4 baths ∙ 3,491 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,491 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,420
- $0.69
-
613 Chestnut Trail Forney, TX 1
- 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2007
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,250
- $0.69
-
403 Bur Oak Trail Forney, TX 2
- 5 beds 3 baths ∙ 3,485 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,485 Sqft ∙ Built 2011
![property image]()
LEASED 08/27/19- Rent
- Rent Per SQFT
- $2,295
- $0.66
-
1024 Lufkin Lane Forney, TX 4
- 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,725
- $0.82
-
1136 Glendon Drive Forney, TX 5
- 4 beds 3 baths ∙ 3,518 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,518 Sqft ∙ Built 2011
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,825
- $0.80
PROPERTY LISTING DETAILS
Storybook Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419611
Last Updated: 08/25/2020
