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1265 Ophelia Road Forney, TX 75126

4 Beds 2 Baths 1,544 sqft Built 2016

$239,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $155.38
  • 2 Days on Market
  • MLS # : 14509450
  • Updated Date : 01/30/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,544 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

WOW! Convenient location to Interstate 20! Forney ISD! Open, flowing functional floorplan! Better than new with the recent updates done to this home, satin interior paint throughout, luxury vinyl plank flooring in the living room, front bedroom and master bedroom, decorative lighting, beautiful crown molding. Kitchen boasts of granite counter tops, 36 inch upper cabinets and a walk in pantry! Split master features a spacious shower and a walk in closet! Ceramic tile in the entry, hall, kitchen, nook and bathrooms! Covered back patio, great for entertaining! Great community amenities! You don't want to miss this wonderful home, it is a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Zip Code: 75126

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75126

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Warren Middle School Middle Regular 713 39 9
Forney High School High Regular 1,402 88 8

Warren Middle School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 39
9
GreatSchools Rating

Forney High School

  • Education Level: High
  • # of students: 1,402
  • # of teachers: 88
8
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$833
Property Tax -$550
Property Insurance -$116
HOA -$33
Property Management Fees -$99
CASH FLOW
$8

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.

$239,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,355

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,640

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,617

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,640
1$1,6402$1,6453$1,7254$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1265 Ophelia Road Forney, TX 1
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.06
    •  
  • 2110 Willard Way Forney, TX 2
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2017
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.04
    •  
  • 1450 Arabella Avenue Forney, TX 3
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 2016
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.05
    •  
  • 3445 Emerson Road Forney, TX 4
    • 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 2018
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
  • 4006 Autumnwood Lane Heartland, TX 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2009
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Chris Parker
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509450
Last Updated: 01/30/2021
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