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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
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
-
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
Ebby Halliday, Realtors-frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477854
Last Updated: 11/27/2020
