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727 Cedar Elm Trail Forney, TX 75126

5 Beds 4 Baths 3,131 sqft Built 2011

$375,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $119.77
  • 7 Days on Market
  • MLS # : 14482468
  • Updated Date : 12/07/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,131 sqft
  • Baths : 4 full
Listing Agent

Malone And Associates Re

Listing Agent's Description

Spacious, well cared for home with 5 bedrooms and 4 full bathrooms. Bedroom on lower level could also be used as a study if desired. Large kitchen with island, walk in pantry, granite countertops, and large dining area. Formal dining room left of the kitchen. Enjoy wood flooring and tile throughout the first floor. Second floor offers 3 bedrooms and 2 bathrooms as well as a living area or game room. Large backyard with covered patio and plenty of space to entertain!

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Neighborhood: Trails of Chestnut Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Trails of Chestnut Meadow

NeighborhoodNIR 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
Claybon Elementary School Primary Regular 520 31 8
Warren Middle School Middle Regular 713 39 9
Forney High School High Regular 1,402 88 8

Claybon Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 31
8
GreatSchools Rating

Warren Middle School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 39
9
GreatSchools Rating

Forney High School

  • Education Level: High
  • # of students: 1,402
  • # of teachers: 88
8
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,384
Property Tax -$859
Property Insurance -$208
HOA -$28
Property Management Fees -$99
CASH FLOW
-$257

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.

$375,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,270

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1993$2,2504$2,3205$2,725
$2,725
RENT COMPS ANALYSIS
  • 727 Cedar Elm Trail Forney, TX 4
    • 5 beds 4 baths ∙ 3,131 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,131 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.74
    •  
  • 543 Chestnut Trail Forney, TX 1
    • 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 2004
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.68
    •  
  • 503 Chestnut Trail Forney, TX 2
    • 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,104 Sqft ∙ Built 2003
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.71
    •  
  • 613 Chestnut Trail Forney, TX 3
    • 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,238 Sqft ∙ Built 2007
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
  • 1024 Lufkin Lane Forney, TX 5
    • 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $0.82
    •  
PROPERTY LISTING DETAILS
Trenton Killingsworth
Malone And Associates Re
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482468
Last Updated: 12/07/2020
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