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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $163.66
- 3 Days on Market
- MLS # : 14519727
- Updated Date : 02/19/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,643 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
The Wichita is a 3-bedroom, 2-bath single story home located in the beautiful community of Windmill Farms, right off US-80 and just minutes away from Dallas. The Wichita plan features a spacious family room and a fully-loaded kitchen with granite countertops, stunning wood cabinets, an undermount sink, and new energy-efficient appliances. Relax and unwind in the private master bedroom featuring a large walk-in closet. Windmill Farms offers a variety of amenities for homeowners such as community swimming pools, children’s playgrounds, jogging and walking trails and as an added bonus, the schools are located within the community.
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 | $1,560 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$616 | |
| Property Insurance | -$122 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$253
|
||
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.
$268,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.58%
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
$73,259
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,225 |
| Loan Amount | $201,675 |
0.5
YEARS SAVED
$510
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,590
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3081 Chillingham Drive Forney, TX 2
- 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,560
- $0.95
-
2019 Chisolm Trail Forney, TX 1
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2006
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.02
-
2009 Cobblestone Trail Forney, TX 3
- 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
-
2112 Chisolm Trail Forney, TX 4
- 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 2004
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,599
- $0.99
-
2115 Rose May Drive Forney, TX 5
- 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
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519727
Last Updated: 02/19/2021
