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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $162.47
- 3 Days on Market
- MLS # : 14518778
- Updated Date : 02/20/2021 at 20:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,948 sqft
- Baths : 2 full
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
This home boasts an open floor plan that is perfect for entertaining and is located in the highly sought after Devonshire community. Ceramic tile throughout the main areas has the hard wood look but incredible durability that comes with tile. There is an elementary school being built down the main road near this house. This home has incredible flow from the open kitchen, dining and living room all the way out to the oversized covered patio. Come and see this beauty. Home is vacant and ready for its new owner to come in and make this house their forever home.
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
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,099 |
| Property Tax | -$725 | |
| Property Insurance | -$140 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$200
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$316,490
PROJECTED PRICE
$1,910
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$89,620
LOAN DETAILS
$1,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,123 |
| Loan Amount | $237,368 |
1.42
YEARS SAVED
$2,437
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,802
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2151 Winsbury Forney, TX 4
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,910
- $0.98
-
211 Windsor Forney, TX 1
- 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2001
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,699
- $0.88
-
305 Caladium Drive Forney, TX 2
- 4 beds 3 baths ∙ 1,925 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,925 Sqft ∙ Built 2019
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,765
- $0.92
-
126 Beacon Hill Lane Forney, TX 3
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2005
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
-
301 Stanford Forney, TX 5
- 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 2005
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,000
- $0.95
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518778
Last Updated: 02/20/2021
