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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $133.00
- 2 Days on Market
- MLS # : 14474130
- Updated Date : 11/21/2020 at 16:43
CONSTRUCTION
- Beds : 4
- Floor Size : 3,158 sqft
- Baths : 3 full , 1 half
Listing Agent
Results Property Group, Llc
Listing Agent's Description
Spacious one-story home with 4 bedrooms, 3 full bathrooms, 1 half bath, enclosed heated and cooled porch, with a pool and a 28x40 workshop for your parking and hobbies or work with a 10x40 attached covered patio on 1.72 acres in desirable Forney! This home also has 2 living areas, 2 wood burning fireplaces and 2 dining areas. The garage conversion offers a large bedroom and bathroom with a huge mudroom that would be perfect for guests, in-laws or teenager. There are beautiful hand-scraped wood floors and soothing paint colors throughout. There are double ovens in the kitchen and an eat-in breakfast area and breakfast bar. Don't miss your chance to see this lovely property!
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Lone Elm Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Elm Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$962 | |
| Property Insurance | -$210 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$311
|
||
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.
$420,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.60%
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
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
1.25
YEARS SAVED
$3,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,984
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
11204 Old Military Trail Forney, TX 1
- 4 beds 4 baths ∙ 3,158 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,158 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $2,510
- $0.79
-
10271 Linda Circle Forney, TX 2
- 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2001
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,950
- $0.93
-
1026 Eagle Nest Avenue Forney, TX 3
- 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 2005
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $3,025
- $0.96
PROPERTY LISTING DETAILS
Results Property Group, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474130
Last Updated: 11/21/2020
