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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $210.04
- 2 Days on Market
- MLS # : 14476728
- Updated Date : 12/19/2020 at 16:07
CONSTRUCTION
- Beds : 4
- Floor Size : 3,328 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Dreamy Forney location inside the Bederkesa neighborhood. This rare custom built home features a luxurious renovation. The unique crescent-shaped design is a setting for entertaining with expansive panes of glass, uninterrupted views of the pond, & a park-like setting. Enjoy the immense master EnSuite, a jetted tub with striking views, a separate shower, & double vanity. Step into the enormous open kitchen, outfitted with Pro Kitchen Aid stainless appliances, marble countertops, & a triple waterfall show-stopping island. Additional Private Entry living quarters with living area easily 4th bdrm option, kitchenette, & personal balcony to relax and take in the view with friends & family from the second story.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$1,602 | |
| Property Insurance | -$220 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2,059
|
||
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.
$699,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
-0.33
YEARS SAVED
$5,692
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,363
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
10713 Meadowbrook Boulevard Forney, TX 2
- 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 1983 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $2,440
- $0.73
-
503 Chestnut Trail Forney, TX 1
- 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2003
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,199
- $0.71
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476728
Last Updated: 12/19/2020
