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1048 Carlisle Drive Allen, TX 75002

3 Beds 2 Baths 1,978 sqft Built 1993

$300,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $151.67
  • 3 Days on Market
  • MLS # : 14477854
  • Updated Date : 11/27/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Beautiful updated home in the highly sought out Heritage Park, and has ALL NEW APPLIANCES NOV. 2020. Open and bright floor plan has 2 living areas. Open concept kitchen and family room was designed for entertaining, sky light in kitchen, eat at bar area, large breakfast nook will hold a large table. Spacious family room with a beautiful gas log fireplace. LARGE owners retreat has space for a sitting area or home office, owners bath has his and hers vanities and sep shower. Great size secondary bedrooms and 2nd full bath. Just steps from Mustang Trail hike and bike path, public park, pond area with lots of ducks. Just down the street from Village of Fairview outdoor mall, Villages of Allen, restaurants.

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

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,107
Property Tax -$578
Property Insurance -$142
Property Management Fees -$99
CASH FLOW
-$115

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.

$300,000

PROJECTED PRICE

$1,810

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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8103$1,8504$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1048 Carlisle Drive Allen, TX 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.92
    •  
  • 1025 Michelson Lane Allen, TX 1
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1993
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.98
    •  
  • 811 Rockefeller Lane Allen, TX 3
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1994
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 809 Parkview Circle Allen, TX 4
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1996
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 811 Kipling Drive Allen, TX 5
    • 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1995
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Wendy Smith
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477854
Last Updated: 11/27/2020
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