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
2005 Zavala 
Forney, TX
75126
3 Beds 2 Baths 1,556 sqft
Built 2014
INVESTimate
$220,000
List Price
$64,050
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $141.39
- 2 Days on Market
- MLS # : 14420231
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,556 sqft
- Baths : 2 full
Listing Agent
Competitive Edge Realty Llc
Listing Agent's Description
Beautiful!!! Well maintained 3 bedroom 2 bathroom home with an open concept floor plan. This home is great for entertaining, with adjoining kitchen and family room. Conveniently located minutes away from Rockwall and near highway 80 for travels into Dallas. This is a home you don't want to miss!!
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: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$812 |
| Property Tax | -$561 | |
| Property Insurance | -$117 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$29
|
||
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.
$220,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.34% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$64,050
LOAN DETAILS
$812
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
3.58
YEARS SAVED
$8,598
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,583
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2005 Zavala Forney, TX 1
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $1.02
-
1031 Johnson City Avenue Forney, TX 2
- 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2007
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,595
- $0.99
-
1004 Shackelford Lane Forney, TX 3
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2005
![property image]()
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,640
- $1.04
-
1002 Camp Verde Drive Forney, TX 4
- 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 2006
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
2116 Hartley Drive Forney, TX 5
- 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 2007
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,695
- $1.07
PROPERTY LISTING DETAILS
Competitive Edge Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420231
Last Updated: 08/25/2020
