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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $141.43
- 2 Days on Market
- MLS # : 14478006
- Updated Date : 11/28/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,474 sqft
- Baths : 2 full , 1 half
Listing Agent
Vibrant Real Estate
Listing Agent's Description
The only thing missing in this home is you. This beautiful home is only two years old and comes with all the upgrades, immaculately cared for. perfect for any family. You must see this gorgeous home before its gone. Large bedrooms throughout with room for king size beds in every room, a huge gameroom, open floor plan, large covered front porch complete with a swing, backyard complete with sand box and swingset and room to add a pool. two and half car garage with room for the truck, car and storage. This home checks all your boxes and has room for expanding the closets and adding room upstairs.
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: Trails of Chestnut Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trails of Chestnut Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$802 | |
| Property Insurance | -$170 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$301
|
||
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.
$349,900
PROJECTED PRICE
$2,090
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
0.92
YEARS SAVED
$1,657
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,084
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
573 Spruce Trail Forney, TX 3
- 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,090
- $0.84
-
507 Olive Trail Forney, TX 1
- 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,597 Sqft ∙ Built 2013
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
422 Red Oak Court Forney, TX 2
- 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2005
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,090
- $0.79
-
502 Elm Grove Trail Forney, TX 4
- 4 beds 2 baths ∙ 2,517 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,517 Sqft ∙ Built 2009
LEASED 06/07/20- Rent
- Rent Per SQFT
- $2,250
- $0.89
-
110 Cherrytree Trail Forney, TX 5
- 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2004
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,250
- $0.90
PROPERTY LISTING DETAILS
Vibrant Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478006
Last Updated: 11/28/2020
