Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1507 Calcot Lane Forney, TX 75126

4 Beds 4 Baths 3,191 sqft Built 2018

$367,900

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $115.29
  • 2 Days on Market
  • MLS # : 14514375
  • Updated Date : 02/06/2021 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,191 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dhs Realty

Listing Agent's Description

2018 Perry Home!!! Mahogany front door. Formal dining room with ceramic tile floor set at two-story entry. Morning area opens to spacious family room with ceramic tile floor and a wall of windows. Garden tub, separate glass-enclosed shower, dual sinks and walk-in closet in master bath. Game room and secondary bedrooms complete the second floor. Abundant closet space. Covered backyard patio. Two-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Devonshire

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k341k

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

Neighborhood: Devonshire

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262677

* 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
Brown Middle School Middle Regular 718 41 7
North Forney High School High Regular 1,274 83 7
Brown Middle School Middle Unknown NA

Brown Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 41
7
GreatSchools Rating

North Forney High School

  • Education Level: High
  • # of students: 1,274
  • # of teachers: 83
7
GreatSchools Rating

Brown Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$331,110$404,690$367,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,278
Property Tax -$953
Property Insurance -$212
HOA -$47
Property Management Fees -$99
CASH FLOW
-$418

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$367,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,244

INVESTMENT

$103,244

Down Payment
$91,975
Rehab Estimate
$5,750
Closing Costs
$5,519

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,278

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,975
Loan Amount $275,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$82

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,170

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,1004$2,1005$2,170
$2,170
RENT COMPS ANALYSIS
  • 1507 Calcot Lane Forney, TX 5
    • 4 beds 4 baths ∙ 3,191 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,191 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.68
    •  
  • 1234 Wedgewood Drive Forney, TX 1
    • 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2009
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.60
    •  
  • 2019 Northridge Drive Forney, TX 2
    • 5 beds 3 baths ∙ 2,863 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,863 Sqft ∙ Built 2005
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.70
    •  
  • 2002 Northridge Drive Forney, TX 3
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2005
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
  • 2102 Northridge Drive Forney, TX 4
    • 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,016 Sqft ∙ Built 2005
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
PROPERTY LISTING DETAILS
Johnnell Worthen
Dhs Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514375
Last Updated: 02/06/2021
BESbswy