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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $125.00
- 2 Days on Market
- MLS # : 14485267
- Updated Date : 12/12/2020 at 13:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,376 sqft
- Baths : 4 full
Listing Agent
Wendell Miller Realty
Listing Agent's Description
Don't miss out on this incredible five bedroom, four bathroom, cul-de-sac home on a greenbelt across from our stocked fishing lake! The Sierra Mesa II features an upstairs Gameroom bathed in natural light from three big picture windows. Entertain family and friends indoors in the formal dining room and spacious family room or outdoors overlooking your private greenbelt on the covered patio that includes a gas grille connection. The kitchen boasts a spacious island with room for barstools and features GE® stainless steel appliances. A stylish master bedroom includes big windows, large walk-in closet, separate vanities, a garden tub and tiled shower. This home complete FEB 2021.
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,850 |
| EXPENSES | Loan Payment | -$1,557 |
| Property Tax | -$967 | |
| Property Insurance | -$222 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$66
|
||
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.
$421,999
PROJECTED PRICE
$2,850
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,830
LOAN DETAILS
$1,557
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,500 |
| Loan Amount | $316,499 |
3.5
YEARS SAVED
$15,911
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,850
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,802
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
901 Sequoia Court Forney, TX 4
- 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,850
- $0.84
-
1024 Lufkin Lane Forney, TX 1
- 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,322 Sqft ∙ Built 2014
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,725
- $0.82
-
1232 Glendon Drive Forney, TX 2
- 4 beds 4 baths ∙ 3,365 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,365 Sqft ∙ Built 2019
![property image]()
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,800
- $0.83
-
1136 Glendon Drive Forney, TX 3
- 4 beds 3 baths ∙ 3,518 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,518 Sqft ∙ Built 2011
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,825
- $0.80
-
1104 Glendon Drive Forney, TX 5
- 5 beds 4 baths ∙ 3,454 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,454 Sqft ∙ Built 2011
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $2,995
- $0.87
PROPERTY LISTING DETAILS
Wendell Miller Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485267
Last Updated: 12/12/2020
