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

3102 Marble Falls Drive Forney, TX 75126

4 Beds 3 Baths 2,438 sqft Built 2015

$288,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $118.13
  • 2 Days on Market
  • MLS # : 14493265
  • Updated Date : 01/02/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Home

Listing Agent's Description

Beautiful Megatel house with open floor plan and all luxury upgrades. Kitchen with handcrafted custome cabinets, granite kitchen counter top, stainless steel appliances, tumble stone backsplash, oil bronze fixtures and lighting, designer tile throughout, gutter and sprinklers, 16 SEER Trane HVAC, Radiant Barrier and energy star certified for low electricity bill, 4 bedroom, 2 and half bath, high ceiling family room, formal dining plus big game room. Community pool, walking distance to schools. Covenant to major high way.

SEE MORE

MARKET HIGHLIGHTS

  • # 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

Neighborhood: Heather Hollow-Windmill Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $115k250k

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

Neighborhood: Heather Hollow-Windmill Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262057

* 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
Blackburn Elementary School Primary Regular 619 38 6
Brown Middle School Middle Regular 718 41 7
North Forney High School High Regular 1,274 83 7

Blackburn Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 38
6
GreatSchools Rating

Brown Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 41
7
GreatSchools Rating

North Forney High School

  • Education Level: High
  • # of students: 1,274
  • # of teachers: 83
7
GreatSchools Rating
 

$259,200$316,800$288,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,063
Property Tax -$660
Property Insurance -$168
HOA -$41
Property Management Fees -$99
CASH FLOW
$179

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$288,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,070

INVESTMENT

$82,070

Down Payment
$72,000
Rehab Estimate
$5,750
Closing Costs
$4,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,063

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,000
Loan Amount $216,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2004$2,2105$2,299
$2,299
RENT COMPS ANALYSIS
  • 3102 Marble Falls Drive Forney, TX 4
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.91
    •  
  • 3012 Guadalupe Drive Forney, TX 1
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3000 Guadalupe Drive Forney, TX 2
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2015
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 3004 Guadalupe Drive Forney, TX 3
    • 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 2016
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 3111 Granite Rock Trail Forney, TX 5
    • 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2015
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.95
    •  
PROPERTY LISTING DETAILS
Renhong Lai
Dfw Home
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493265
Last Updated: 01/02/2021
BESbswy