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312 Arbury Forney, TX 75126

3 Beds 2 Baths 1,724 sqft Built 2020

$282,398

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $163.80
  • 5 Days on Market
  • MLS # : 14492340
  • Updated Date : 12/31/2020 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14492340 - Built by Altura Homes - Ready Now! ~ This home is perfect! The home features a large open family room to the kitchen. The kitchen has a large flat breakfast bar, granite countertops, 42 inch cabinets, tile backsplash and stainless steel appliances. The master suite is very spacious for home this size and the master bath has separate tub and shower, dual sinks and large walk in closet. The secondary bedrooms are also spacious and give plenty of room for the kids or guest. The home also has a very nice covered back patio the will provide many hours of outdoor enjoyment!!!

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

Zip Code: 75126

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75126

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Crosby Elementary School Primary Regular 446 28 6
Brown Middle School Middle Regular 718 41 7
North Forney High School High Regular 1,274 83 7

Crosby Elementary School

  • Education Level: Primary
  • # of students: 446
  • # of teachers: 28
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
 

$254,158$310,638$282,398

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,042
Property Tax -$647
Property Insurance -$127
HOA -$20
Property Management Fees -$99
CASH FLOW
-$225

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.

$282,398

PROJECTED PRICE

$1,710

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$76,835

INVESTMENT

$76,835

Down Payment
$70,600
Rehab Estimate
$2,000
Closing Costs
$4,236

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,600
Loan Amount $211,799
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7303$1,7954$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 312 Arbury Forney, TX 1
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.99
    •  
  • 144 Landsdale Forney, TX 2
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 2018
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.00
    •  
  • 2105 Cardinal Drive Forney, TX 3
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2006
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2113 Thistle Lane Forney, TX 4
    • 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,904 Sqft ∙ Built 2007
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.97
    •  
  • 153 Landsdale Circle Forney, TX 5
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2019
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492340
Last Updated: 12/31/2020
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