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1744 Jamestown Drive Forney, TX 75126

4 Beds 4 Baths 3,187 sqft Built 2021

$413,480

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $129.74
  • 2 Days on Market
  • MLS # : 14509669
  • Updated Date : 01/30/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,187 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14509669 - Built by Tri Pointe Homes - April completion! ~ This gorgeous 4 Bed, 3.5 Bath, 3 Car Tandem Garage, Sliding Glass Door, Luxury Kitchen, Primary Bath Upgrade, Study Ilo Flex, Door to Laundry, Open Rail 1st & 2nd floor, Bench is finished with a Sophisticated Interior Palette. The primary suite is dreamy, with two walk-in closets, a split vanity and an optional box or bay window. The luxury kitchen opens up seamlessly to the great room and features a sliding glass door for true open-concept living. Schedule your showing today!

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
Henderson Elementary School Primary Regular 536 29 7
Warren Middle School Middle Regular 713 39 9
Forney High School High Regular 1,402 88 8

Henderson Elementary School

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 29
7
GreatSchools Rating

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
 

$372,132$454,828$413,480

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,436
Property Tax -$947
Property Insurance -$211
HOA -$60
Property Management Fees -$99
CASH FLOW
-$594

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.

$413,480

PROJECTED PRICE

$2,160

PROJECTED RENT

0.52%

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,572

INVESTMENT

$111,572

Down Payment
$103,370
Rehab Estimate
$2,000
Closing Costs
$6,202

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,436

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,370
Loan Amount $310,110
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$5

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,157

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$2,1604$2,500
$2,500
RENT COMPS ANALYSIS
  • 1744 Jamestown Drive Forney, TX 3
    • 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.68
    •  
  • 1108 Buckingham Drive Forney, TX 1
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 2002
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.62
    •  
  • 1015 Shenandoah Way Forney, TX 2
    • 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,978 Sqft ∙ Built 2003
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.64
    •  
  • 15088 Layden Farms Lane Talty, TX 4
    • 4 beds 3 baths ∙ 3,250 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,250 Sqft ∙ Built 2019
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509669
Last Updated: 01/30/2021
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