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1420 Canales Trail Farmersville, TX 75442

4 Beds 2 Baths 2,235 sqft Built 2020

INVESTimate

$368,775

List Price

$2,150

$1,935 - $2,365

Rent Est.

$99,725

Investment Est.

$404,767 ( +9.76%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	7.00%
NOI	$11,750

15 YEAR
Yield	3.34%
Appreciation	4.87%
TOTAL RETURN	26.52%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

August 24, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $165.00
3 Days on Market
MLS # : 14420004
Updated Date : 08/25/2020 at 14:43

CONSTRUCTION

Beds : 4
Floor Size : 2,235 sqft
Baths : 2 full

Listing Agent

William Davis Realty Frisco

Listing Agent's Description

Brand New Custom Home Under Construction with LJ Custom Homes. This is the Tres Plan. 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

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

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

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Farmersville Intermediate School	Primary	Regular	490	31	6
Farmersville Junior High School	Middle	Regular	373	24	8
Farmersville High School	High	Regular	450	35	6

Farmersville Intermediate School

Education Level: Primary
# of students: 490
# of teachers: 31

GreatSchools Rating

Farmersville Junior High School

Education Level: Middle
# of students: 373
# of teachers: 24

GreatSchools Rating

Farmersville High School

Education Level: High
# of students: 450
# of teachers: 35

GreatSchools Rating

FINANCIALS

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$331,898$405,65300$368,775

PURCHASE PRICE

$1,935$2,36500$2,150

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,150
EXPENSES	Loan Payment	-$1,361
	Property Tax	-$717
	Property Insurance	-$156
	Property Management Fees	-$99




CASH FLOW -$183

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.

$368,775

PROJECTED PRICE

$2,150

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
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

$99,725

Down Payment	$92,194
Rehab Estimate	$2,000
Closing Costs	$5,532

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$92,194
Loan Amount	$276,581

See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,150
LIST RENT
$0.96
LIST RENT PER SQFT

$2,146
COMP ESTIMATED VALUE
$0.96
COMP AVG. RENT PER SQFT

Comps Range

$2,000

1$2,0002$2,1003$2,1004$2,1505$2,400

$2,400

RENT COMPS ANALYSIS

2,235
PROPERTY SQFT
$0.96
AVG RENT PER SQFT
$2,146
ESTIMATED VALUE
$2,150
LIST RENT

1420 Canales Trail Farmersville, TX 3

4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020
Price

Price Per SQFT

$368,775

$165.00
608 Jouette Street Farmersville, TX 1

3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2014
SOLD 07/13/20
Price

Price Per SQFT

$209,900

$95.98
1224 Willow Lane Farmersville, TX 2

4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,305 Sqft ∙ Built 1997
SOLD 02/18/20
Price

Price Per SQFT

$324,900

$140.95
1411 Red Oak Circle Farmersville, TX 4

3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,447 Sqft ∙ Built 2005
SOLD 01/29/20
Price

Price Per SQFT

$371,000

$151.61
1455 Canales Trail Farmersville, TX 5

4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020
SOLD 08/05/20
Price

Price Per SQFT

$372,500

$166.67

1420 Canales Trail Farmersville, TX 4

4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$2,150

$0.96
1804 Yale Street Farmersville, TX 1

5 beds 4 baths ∙ 2,331 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,331 Sqft ∙ Built 2019
LEASED 05/29/20
Rent

Rent Per SQFT

$2,000

$0.86
833 Lester Burt Road Farmersville, TX 2

3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2007
LEASED 12/30/19
Rent

Rent Per SQFT

$2,100

$1.00
861 Lester Burt Road Farmersville, TX 3

3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2008
LEASED 05/20/20
Rent

Rent Per SQFT

$2,100

$0.94
989 Southgate Court Farmersville, TX 5

4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2018
LEASED 03/16/20
Rent

Rent Per SQFT

$2,400

$1.04

PROPERTY LISTING DETAILS

Cindy Coats
William Davis Realty Frisco

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420004
Last Updated: 08/25/2020

1420 Canales Trail Farmersville, TX 75442

INVESTimate

$368,775

$2,150

$99,725

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Farmersville Intermediate School

Farmersville Junior High School

Farmersville High School

FINANCIALS

$331,898$405,65300$368,775

$1,935$2,36500$2,150

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$368,775

$2,150

0.58%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,361

2.33

$7,786

$368,775

$165

$310,224

$138.8

COMPS RANGE

PRICE COMPS ANALYSIS

$2,150

$0.96

$2,146

$0.96

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS