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9220 Bald Cypress Street Forney, TX 75126

3 Beds 3 Baths 2,059 sqft Built 2017

$280,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $135.99
  • 2 Days on Market
  • MLS # : 14533792
  • Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,059 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Beautiful 3 bedroom home with game-flex room, features a large family room with lots of light. The fully equipped kitchen showcases energy efficient kitchen appliances and stunning granite countertops. The spacious master suite features a large walk-in closet, soaker tub and separate shower. Home sits on the Greenbelt and no homes are being built behind the home. Updated pictures COMING SOON!!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
Brown Middle School Middle Regular 718 41 7
North Forney High School High Regular 1,274 83 7
Brown Middle School Middle Unknown NA

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

Brown Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$973
Property Tax -$642
Property Insurance -$146
HOA -$31
Property Management Fees -$99
CASH FLOW
-$121

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.

$280,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.63%

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) 8.00%
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$6.0k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7453$1,7704$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 9220 Bald Cypress Street Forney, TX 3
    • 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,059 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.86
    •  
  • 9300 Bald Cypress Street Forney, TX 1
    • 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,115 Sqft ∙ Built 2017
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 9415 Bald Cypress Street Forney, TX 2
    • 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,064 Sqft ∙ Built 2017
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.85
    •  
  • 9445 Smoke Tree Drive Forney, TX 4
    • 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,158 Sqft ∙ Built 2018
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 5200 Prairie Rose Drive Forney, TX 5
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 2017
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ron Hensley
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533792
Last Updated: 03/20/2021
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