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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $144.21
- 3 Days on Market
- MLS # : 14492987
- Updated Date : 01/02/2021 at 19:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,588 sqft
- Baths : 2 full
Listing Agent
Kile Properties
Listing Agent's Description
Beautiful home in Forney with a large covered patio! You'll love the layout of this home & large backyard. Enjoy the spacious kitchen overlooking the living area. Kitchen features granite countertops, stainless steel appliance with gas range, abundance of cabinet space, & walk-in pantry. Cozy fireplace with gas logs & large windows for natural lighting. Wonderful master bedroom off the living are with a garden tub, separate shower, dual sinks, and walk-in closet. Plantation shutters throughout the home. Enjoy the extended patio and patio cover for all your family gatherings, cookouts, or relaxation throughout the day. Community offers 2 pools, ponds, parks, & schools. Close to shopping & Dining.
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
Neighborhood: Heather Hollow-Windmill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heather Hollow-Windmill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$525 | |
| Property Insurance | -$119 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$61
|
||
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.
$229,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
5.58
YEARS SAVED
$16,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,536
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3105 Granite Rock Trail Forney, TX 2
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $1.06
-
1107 Alexandria Drive Forney, TX 1
- 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 2003
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,575
- $0.93
-
3103 Persimmons Way Forney, TX 3
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2015
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
3109 Flowering Springs Forney, TX 4
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2013
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.97
-
3105 Clear Springs Drive Forney, TX 5
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2016
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,745
- $1.00
PROPERTY LISTING DETAILS
Kile Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492987
Last Updated: 01/02/2021
