Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1033 Mark Twain Drive Allen, TX 75002

4 Beds 3 Baths 2,546 sqft Built 1994

$329,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $129.58
  • 4 Days on Market
  • MLS # : 14467192
  • Updated Date : 11/12/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Associates Of Arlington

Listing Agent's Description

Beautiful 4-2-2 in desired Heritage Park neighborhood and Allen ISD! Many updates to include: 2018 replaced kitchen appliances, granite countertops, refinished wood floors, exterior painted. In 2019 - Interior painted, kitchen cabinets refinished, HVAC replaced, roof replaced, upstairs bathroom floors tiled, storage building refurbished and painted, new detached carport installed. This one won't last long, submit your highest and best offer! Information is deemed reliable, but not guaranteed. Buyer and agent to verify all information in listing. Neither seller nor agent makes any warranty or representation as to accuracy. There is not a survey BUYER to obtain a new survey.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262213

* 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
Vaughan Elementary School Primary Regular 508 35 9
Ford Middle School Middle Regular 877 55 9
Ford Middle School High Regular 877 55 9

Vaughan Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
9
GreatSchools Rating

Ford Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating

Ford Middle School

  • Education Level: High
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,217
Property Tax -$635
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$136

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.

$329,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,0003$2,0254$2,0255$2,125
$2,125
RENT COMPS ANALYSIS
  • 1033 Mark Twain Drive Allen, TX 1
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 912 Heritage Parkway Allen, TX 2
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1995
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 1335 Dove Brook Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.81
    •  
  • 1218 Harvard Lane Allen, TX 4
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1994
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.82
    •  
  • 906 Carnegie Court Allen, TX 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1994
    property image
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.79
    •  
PROPERTY LISTING DETAILS
Dana Sears
Re/max Associates Of Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467192
Last Updated: 11/12/2020
BESbswy