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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $128.42
- 4 Days on Market
- MLS # : 14505743
- Updated Date : 01/29/2021 at 06:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,830 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Look at this Texas Charmer! Walk into this beautiful, extremely well maintained home and see the pride of ownership. Upgrades include designer kitchen, high end fixtures including master shower having 4 body jets, and soft neutral paint. This home has an amazing layout with master and guest rooms separated and an open floor plan in the kitchen and living area making it perfect for entertainment. With an office in the front and covered back patio in the backyard there is not much this home does not offer. This neighborhood offers parks, community pool and much more.
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: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$599 | |
| Property Insurance | -$133 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$17
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$235,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
3.58
YEARS SAVED
$7,853
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,748
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1023 Concan Drive Forney, TX 1
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,660
- $0.91
-
2007 Crosby Drive Forney, TX 2
- 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2007
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,675
- $0.94
-
1002 Camp Verde Drive Forney, TX 3
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
1015 Rumley Road Forney, TX 4
- 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 2005
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
1015 Nueces Court Forney, TX 5
- 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2005
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505743
Last Updated: 01/29/2021
