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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $121.43
- 2 Days on Market
- MLS # : 14475413
- Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Wonderfully maintained 1 owner home is move in ready... Featuring 3 bdrms & 2 baths with open floorplan. You'll enjoy entertaining in the lovely chef like kitchen w SS appliances and gas range. Separate master suite with wall of windows allowing for tons of natural light and master bath that includes dual vanities, garden tub, separate shower and walk in closet. This home is pet free and has an elementary school right around the corner and located close to major freeway.
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
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 | $1,850 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$584 | |
| Property Insurance | -$149 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$36
|
||
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.
$255,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.73%
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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
5.08
YEARS SAVED
$15,762
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,859
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
3117 Marble Falls Drive Forney, TX 4
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,850
- $0.88
-
3005 Flowering Springs Drive Forney, TX 1
- 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2012
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,775
- $0.84
-
3026 Marble Falls Drive Forney, TX 2
- 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 2012
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.83
-
3109 Clear Springs Drive Forney, TX 3
- 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 2016
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
3128 Marble Falls Drive Forney, TX 5
- 4 beds 2 baths ∙ 2,169 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,169 Sqft ∙ Built 2015
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.92
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475413
Last Updated: 11/21/2020
