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259 Hound Hollow Road Forney, TX 75126

4 Beds 3 Baths 2,735 sqft Built 2006

$339,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $123.95
  • 3 Days on Market
  • MLS # : 14525776
  • Updated Date : 03/05/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,735 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Rockwall

Listing Agent's Description

Beautiful 2743 sq ft FOUR bed, two and a half bath family home with 3 car garage on large CORNER LOT. Open 1 level floor plan allows natural light to flow from the spacious living room to the stunning kitchen. Large kitchen island offers plenty of prep and social space along with the breakfast nook just adjacent. The formal dining and study offers an abundance of free space for working from home families! Don't miss the built in desk and extra storage lining the main hallway to the bedrooms. Main bedroom features lots of natural light, a stunning main bathroom and spacious walk-in closet. The backyard features a lovely covered patio that has plenty of space for entertaining and overlooks the huge backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262309

* 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
Warren Middle School Middle Regular 713 39 9
Forney High School High Regular 1,402 88 8

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
 

$305,100$372,900$339,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,177
Property Tax -$777
Property Insurance -$185
HOA -$21
Property Management Fees -$99
CASH FLOW
-$19

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.

$339,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,045
1$2,0452$2,1993$2,2404$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 259 Hound Hollow Road Forney, TX 3
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.82
    •  
  • 1965 Travertine Lane Heartland, TX 1
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2018
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.80
    •  
  • 109 Southwestern Drive Forney, TX 2
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.83
    •  
  • 2714 Pease Drive Forney, TX 4
    • 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2019
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 109 Bugle Call Road Forney, TX 5
    • 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Tami Rexrode
Keller Williams Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525776
Last Updated: 03/05/2021
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