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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $111.01
- 3 Days on Market
- MLS # : 14474265
- Updated Date : 11/27/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,117 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Great one story home located in the desirable Travis Ranch. This 3 bed, 2 bath home features an open-concept floor plan with an eat-in kitchen. The kitchen and breakfast area provide uninterrupted access to the living area. Private master en-suite with dual sinks, garden tub, separate shower, and walk-in closet. This home has an over-sized backyard with a covered patio for entertaining! Play-set will be included with acceptable offer! It won't last long.
SEE MORE
- 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: 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$539 | |
| Property Insurance | -$150 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$166
|
||
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.
$235,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
7.67
YEARS SAVED
$27,537
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,969
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2030 Colorado Bend Drive Forney, TX 4
- 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
1019 Rumley Road Forney, TX 1
- 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,775
- $0.90
-
1015 Nueces Court Forney, TX 2
- 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 2005
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
-
2102 Jack County Drive Forney, TX 3
- 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2010
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
-
1009 Kimbro Drive Forney, TX 5
- 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,014 Sqft ∙ Built 2005
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,925
- $0.96
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474265
Last Updated: 11/27/2020
