Browse Properties
Newer Construction in Dallas
Forney, TX 75126
Newer Construction in Dallas
Forney, TX 75126
5.5%
Year 1 Cap Rate$360,464
10 yr cash flow7.73%
10 yr IRRDetails
- Lot size7,623
- Rentable Sq.Ft2,988
- $/Rentable Sq.Ft$126
- Monthly rent$2,995
- Safety deposit$2,995
- Estimated reserve$3,000
- Lease start2024-06-01
- Lease end2025-05-31
- HOAYes
- Flood zoneNo
COMING SOON - FIGURES SUBJECT TO CHANGE
Long-term investors stand to benefit from the following factors:
- Low upfront renovation requirements position the property for immediate rental income
- Low going-in basis for both single family homes and rentals in a major metro
- Accessibility to employment, with the metro being home to a number major employers
Log in to download public documents
Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Forney, 75126
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
Powered by 
Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $35,940 | $37,378 | $38,873 | $42,045 | $51,154 |
| Vacancy & Collection Loss | ($0) | ($1,495) | ($1,555) | ($1,682) | ($2,046) |
| Operating revenues | $35,940 | $35,883 | $37,318 | $40,363 | $49,108 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($603) | ($621) | ($640) | ($679) | ($787) |
| Insurance | ($3,101) | ($3,194) | ($3,290) | ($3,490) | ($4,046) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($0) | ($623) | ($648) | ($701) | ($853) |
| Property management | ($2,070) | ($2,153) | ($2,239) | ($2,422) | ($2,946) |
| Real estate taxes | ($8,934) | ($7,993) | ($8,233) | ($8,734) | ($10,125) |
| Repairs and maintenance | ($719) | ($1,495) | ($1,555) | ($1,682) | ($2,046) |
| Operating expenses | ($15,427) | ($16,079) | ($16,605) | ($17,708) | ($20,803) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $35,940 | $35,883 | $37,318 | $40,363 | $49,108 |
| Operating expenses | ($15,427) | ($16,079) | ($16,605) | ($17,708) | ($20,803) |
| Net Operating Income | $20,513 | $19,804 | $20,713 | $22,655 | $28,305 |
| Cap Rate | 5.5% | 5.3% | 5.5% | 6.0% | 7.5% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,884) | ($1,941) | ($1,999) | ($2,121) | ($2,459) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,884) | ($1,941) | ($1,999) | ($2,121) | ($2,459) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $18,629 | $17,863 | $18,714 | $20,534 | $25,846 |
| Cash yield | 4.6% | 4.4% | 4.7% | 5.1% | 6.4% |
Acquisition Equity
| Down payment | ($375,000) | |||
|---|---|---|---|---|
| Title insurance | ($5,625) | |||
| Debt costs | ||||
| Acquisition fee | ($11,250) | |||
| Home Buyer Inspection | ($500) | |||
| Leasing Fee | ($4,493) | |||
| Reserves | ($3,000) | |||
| Stabilization costs | ($2,355) | |||
| Total | ($402,223) | |||
Disposition Proceeds
| Estimated sale price | $566,182 | |||
|---|---|---|---|---|
| Disposition fee | ($5,662) | |||
| Other disposition costs | ($11,324) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $549,197 | |||
