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Tbv Lot 15 Trail 
Farmersville, TX
75442
4 Beds 3 Baths 2,460 sqft
Built 2020
INVESTimate
$405,900
List Price
$109,564
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $165.00
- 2 Days on Market
- MLS # : 14420025
- Updated Date : 08/25/2020 at 09:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,460 sqft
- Baths : 2 full , 1 half
Listing Agent
William Davis Realty Frisco
Listing Agent's Description
Brand New Custom Home Under Construction with LJ Custom Homes. This is the Elvia Plan. Four Bedrooms plus a study, loaded with upgrades. Gorgeous Private Community with only 20 homes on at least an Acre of Land with Pipe Fencing and 3 Car Garage. Sought After Community ISD. The views from these homes are amazing. Loaded with custom features. Only a few left, going fast. December 2020 to January 2021 estimated completion date All information to be verified by buyer before closing
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: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75442
* 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 | $2,330 |
| EXPENSES | Loan Payment | -$1,498 |
| Property Tax | -$789 | |
| Property Insurance | -$169 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$225
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$405,900
PROJECTED PRICE
$2,330
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.76% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,564
LOAN DETAILS
$1,498
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,475 |
| Loan Amount | $304,425 |
2.17
YEARS SAVED
$7,222
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,337
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
Tbv Lot 15 Trail Farmersville, TX 4
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,330
- $0.95
-
1804 Yale Street Farmersville, TX 1
- 5 beds 4 baths ∙ 2,331 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,331 Sqft ∙ Built 2019
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.86
-
861 Lester Burt Road Farmersville, TX 2
- 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2008
![property image]()
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
727 Lester Burt Road Farmersville, TX 3
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2007
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
-
989 Southgate Court Farmersville, TX 5
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2018
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $2,400
- $1.04
PROPERTY LISTING DETAILS
William Davis Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420025
Last Updated: 08/25/2020
