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1313 Lone Hill Lane Forney, TX 75126

4 Beds 3 Baths 3,027 sqft Built 2021

$397,987

List Price

$2,610

$2.4K - $2.9K

Rent Est.

$107,467

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.4%
Cash Flow	-$72
Value Increase	$23,039

10 YEAR

Cash On Cash	-1.9%
Total Return	10.9%

PROPERTY INFO

Built 2021 NEW CONSTRUCTION

SINGLE-FAMILY

February 19, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2021
Price/Sqft : $131.48
3 Days on Market
MLS # : 14519701
Updated Date : 02/19/2021 at 19:00

CONSTRUCTION

Beds : 4
Floor Size : 3,027 sqft
Baths : 3 full

Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14519701 - Built by Impression Homes - April completion! ~ This Radcliff plan has 4 beds, 3 baths, 3 car garage with full brick on an over-sized lot. This 2-story home has so much to offer with, open floor plan, wood-look tile throughout main living areas, study with French doors, a SOUS kitchen and a gas log stone fireplace. The owners suite has a large walk-in closet, and a beautiful bath. Upstairs you will find 2 bedrooms, bath, gameroom and a kids den. The home has so much more!

1 of 27 X

MARKET HIGHLIGHTS

Dallas Market Report

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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Rhea Elementary School	Primary	Regular	709	42	8
Warren Middle School	Middle	Regular	713	39	9
Forney High School	High	Regular	1,402	88	8

Rhea Elementary School

Education Level: Primary
# of students: 709
# of teachers: 42

GreatSchools Rating

Warren Middle School

Education Level: Middle
# of students: 713
# of teachers: 39

GreatSchools Rating

Forney High School

Education Level: High
# of students: 1,402
# of teachers: 88

GreatSchools Rating

FINANCIALS

Learn how to read this

$358,188$437,78600$397,987

PURCHASE PRICE

$2,349$2,87100$2,610

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,610
EXPENSES	Loan Payment	-$1,382
	Property Tax	-$912
	Property Insurance	-$202
	HOA	-$21
	Property Management Fees	-$99



CASH FLOW -$6

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$397,987

PROJECTED PRICE

$2,610

PROJECTED RENT

0.66%

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)	3.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$107,467

Down Payment	$99,497
Rehab Estimate	$2,000
Closing Costs	$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,382

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$99,497
Loan Amount	$298,490

See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,610
LIST RENT
$0.86
LIST RENT PER SQFT

$2,656
COMP ESTIMATED VALUE
$0.88
COMP AVG. RENT PER SQFT

Comps Range

$2,400

1$2,4002$2,6103$2,7254$2,9505$3,025

$3,025

RENT COMPS ANALYSIS

3,027
PROPERTY SQFT
$0.88
AVG RENT PER SQFT
$2,656
ESTIMATED VALUE
$2,610
LIST RENT

1313 Lone Hill Lane Forney, TX 5

4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2021
Price

Price Per SQFT

$397,987

$131.48
1612 Pike Drive Forney, TX 1

5 beds 3 baths ∙ 2,889 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,889 Sqft ∙ Built 2017
SOLD 10/27/20
Price

Price Per SQFT

$314,900

$109.00
1158 Woods Road Forney, TX 2

5 beds 3 baths ∙ 2,936 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,936 Sqft ∙ Built 2006
SOLD 12/17/20
Price

Price Per SQFT

$335,000

$114.10
1608 Village Creek Drive Forney, TX 3

5 beds 3 baths ∙ 3,042 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,042 Sqft ∙ Built 2017
SOLD 01/11/21
Price

Price Per SQFT

$359,900

$118.31
1208 Kensington Drive Forney, TX 4

4 beds 4 baths ∙ 2,928 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,928 Sqft ∙ Built 2020
SOLD 09/09/20
Price

Price Per SQFT

$374,312

$127.84

1313 Lone Hill Lane Forney, TX 2

4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,027 Sqft ∙ Built 2021
Rent

Rent Per SQFT

$2,610

$0.86
109 Bugle Call Road Forney, TX 1

5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006
LEASED 09/13/19
Rent

Rent Per SQFT

$2,400

$0.80
1024 Lufkin Lane Forney, TX 3

4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014
LEASED 05/26/20
Rent

Rent Per SQFT

$2,725

$0.82
10271 Linda Circle Forney, TX 4

5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,189 Sqft ∙ Built 2001
LEASED 10/16/20
Rent

Rent Per SQFT

$2,950

$0.93
1026 Eagle Nest Avenue Forney, TX 5

5 beds 4 baths ∙ 3,146 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,146 Sqft ∙ Built 2005
LEASED 07/15/20
Rent

Rent Per SQFT

$3,025

$0.96

PROPERTY LISTING DETAILS

Ben Caballero
Imp Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519701
Last Updated: 02/19/2021

1313 Lone Hill Lane Forney, TX 75126

$397,987

$2,610

$107,467

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Rhea Elementary School

Warren Middle School

Forney High School

FINANCIALS

$358,188$437,78600$397,987

$2,349$2,87100$2,610

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$397,987

$2,610

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,382

4.08

$15,667

$397,987

$131.48

$355,105

$117.31

COMPS RANGE

PRICE COMPS ANALYSIS

$2,610

$0.86

$2,656

$0.88

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS