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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $107.91
- 4 Days on Market
- MLS # : 14499571
- Updated Date : 01/14/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,780 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
No showings until Friday Jan 15. Located in the highly sought after community of Devonshire, this home boasts an incredible open floor plan. Walk thru the front door into a large living room that has beautiful tray ceilings. The kitchen has very large granite island that is the perfect place for entertaining. This Pulte built home has space SPACE SPACE!! Just upstairs there is a HUGE multi purpose room that can be used as a game room, living room or even a movie room. The backyard is one of largest on the street, that backs up to an open field! Come see this beauty and make this house your home!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
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 | $2,350 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$702 | |
| Property Insurance | -$188 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$270
|
||
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.
$299,990
PROJECTED PRICE
$2,350
PROJECTED RENT
0.78%
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
$85,247
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,998 |
| Loan Amount | $224,993 |
8.58
YEARS SAVED
$34,739
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,537
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2239 Heaton Street Forney, TX 1
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,350
- $0.85
-
2035 Avondown Road Forney, TX 2
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2017
LEASED 06/25/20- Rent
- Rent Per SQFT
- $2,500
- $0.90
-
2014 Rosebury Lane Forney, TX 3
- 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2017
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,500
- $0.91
-
1005 Finsbury Park Forney, TX 4
- 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,726 Sqft ∙ Built 2010
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,595
- $0.95
-
1005 Cadbury Lane Forney, TX 5
- 4 beds 4 baths ∙ 2,916 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,916 Sqft ∙ Built 2016
LEASED 05/31/20- Rent
- Rent Per SQFT
- $2,600
- $0.89
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499571
Last Updated: 01/14/2021
