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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $160.37
- 3 Days on Market
- MLS # : 14519720
- Updated Date : 02/19/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,683 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
Now introducing our most spacious single story home in the community of Windmill Farms, the Sabine! This new home is perfect for any lifestyle, featuring 3 bedrooms, 2 full baths, a large living area and a study. The Sabine comes with thousands of dollars of upgrades included such as granite countertops, stunning wood cabinets, brushed nickel hardware, energy-efficient kitchen appliances, and an attached two-car garage complete with a door opener. You will also enjoy the large covered patio and fully fenced backyard which allow you to enjoy your very own outdoor oasis.
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 | $1,550 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$618 | |
| Property Insurance | -$124 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$271
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$269,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.57%
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) | 3.00% |
| 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
$73,524
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
0.42
YEARS SAVED
$343
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,574
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3077 Chillingham Drive Forney, TX 1
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,550
- $0.92
-
2009 Cobblestone Trail Forney, TX 2
- 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,798 Sqft ∙ Built 2006
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
2115 Rose May Drive Forney, TX 3
- 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,743 Sqft ∙ Built 2004
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
4665 Elderberry Street Forney, TX 4
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
4475 Elderberry Street Forney, TX 5
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2016
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519720
Last Updated: 02/19/2021
