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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $110.68
- 5 Days on Market
- MLS # : 14462570
- Updated Date : 10/31/2020 at 08:34
CONSTRUCTION
- Beds : 5
- Floor Size : 3,876 sqft
- Baths : 4 full
Listing Agent
United Real Estate
Listing Agent's Description
5 bedroom beautiful almost new custom D.R. Horton home. Grand vaulted ceilings, quartz countertops, two living areas and a media room wired for a projector and 9.2. Cat 6 throughout house and pre-wired for security cameras. Smart lock on front door. Honeywell wifi thermostats upstairs and down. This home is perfect for any family wanting a downstairs master and additional bedroom with a full bath. Master bath has split sinks, garden tub, separate shower with mudded shower pan and huge master closet. Ready for Christmas lights with plug on the eaves and switch in the garage. Gas cooking, fireplace and gas on covered back porch. Amazing home for family, working from home and eventually entertaining.
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: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,920 |
| EXPENSES | Loan Payment | -$1,583 |
| Property Tax | -$983 | |
| Property Insurance | -$251 | |
| HOA | -$21 | |
| 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 15% of earned rent to cover both maintenance and periods of vacancy.
$429,000
PROJECTED PRICE
$2,920
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.1% |
| 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
$119,435
LOAN DETAILS
$1,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
4.17
YEARS SAVED
$20,194
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,920
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,868
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
1147 Citabria Street Forney, TX 2
- 5 beds 3 baths ∙ 3,876 Sqft ∙ Built 2018 5 beds 3 baths ∙ 3,876 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,920
- $0.75
-
239 Hound Hollow Road Forney, TX 1
- 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,638 Sqft ∙ Built 2006
LEASED 11/04/19- Rent
- Rent Per SQFT
- $2,700
- $0.74
PROPERTY LISTING DETAILS
United Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462570
Last Updated: 10/31/2020
