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5117 Pleasant Springs Ct Court 
Forney, TX
75126
4 Beds 2 Baths 2,144 sqft
Built 2017
INVESTimate
$270,000
List Price
$77,300
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $125.93
- 2 Days on Market
- MLS # : 14420642
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,144 sqft
- Baths : 2 full
Listing Agent
Repeat Realty, Llc
Listing Agent's Description
EYE POPPING! 2017 D.R. Horton built, 4 BEDROOMS & great floor plan await you in this beautiful nearly new Clements Ranch home. Durable tile floors, brown cabinets, stainless appliances, gas cooktop, corner pantry, under-mount sink, granite countertops on the huge island with beautiful backsplash tile. The large great room with kitchen, dining, is an entertainer's dream! The large Master Suite with gorgeous shower, as well as a flex space, or office & two secondary bedrooms are down. Great community with fishing pond, clubhouse, workout facility, swimming pool, jogging & bike trails & more!
SEE MORE
- . 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)
- 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)
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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$619 | |
| Property Insurance | -$151 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$15
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$270,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
4.08
YEARS SAVED
$12,315
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,897
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
5117 Pleasant Springs Ct Court Forney, TX 3
- 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,900
- $0.89
-
5649 Mcclelland Street Forney, TX 1
- 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,649
- $0.85
-
5672 Mcclelland Street Forney, TX 2
- 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2019
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,649
- $0.85
-
5424 Connally Drive Forney, TX 4
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2017
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,950
- $0.92
-
2119 Rains County Road Forney, TX 5
- 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 2007
LEASED 05/12/20- Rent
- Rent Per SQFT
- $2,150
- $0.92
PROPERTY LISTING DETAILS
Repeat Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420642
Last Updated: 08/25/2020
