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1103 S Sarah Street 
Allen, TX
75013
5 Beds 5 Baths 3,598 sqft
Built 2016
INVESTimate
$684,990
List Price
$187,272
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $190.38
- 1 Days on Market
- MLS # : 14420248
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,598 sqft
- Baths : 5 full
Listing Agent
Keller Williams Rockwall
Listing Agent's Description
Sophisticated and Stylish Semi Custom Home. Offering 3,598 Sf. of spacious and open layout with abundance of windows provides lots of natural light. This elegant home features a gorgeous gourmet kitchen with center island, granite counters and state-of-the-art appliances, beautiful hardwoods, Grand cathedral vaulted Greatroom flanked with decorative beams, 5 beds, 5 baths- master and 2 suites in the first floor, 2 suites, 2 baths and game media room in the second floor, 3 car garage, covered terrace with fireplace and expansive front covered patio with craftsman style inspiration and direct views to green spaces. This property is walking distance to shopping and dining at the Shops at Watters Creek!
SEE MORE
- . 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
Zip Code: 75013
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75013
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,360 |
| EXPENSES | Loan Payment | -$2,527 |
| Property Tax | -$1,319 | |
| Property Insurance | -$235 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$931
|
||
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.
$684,990
PROJECTED PRICE
$3,360
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 5.29% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$187,272
LOAN DETAILS
$2,527
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $171,248 |
| Loan Amount | $513,743 |
0.17
YEARS SAVED
$121
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,360
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,842
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1103 S Sarah Street Allen, TX 5
- 5 beds 5 baths ∙ 3,598 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,598 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $3,360
- $0.93
-
1136 Philip Drive Allen, TX 1
- 4 beds 4 baths ∙ 3,511 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,511 Sqft ∙ Built 2007
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,650
- $0.75
-
1205 Philip Drive Allen, TX 2
- 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,800
- $0.77
-
8100 Davidson Drive Plano, TX 3
- 5 beds 4 baths ∙ 3,785 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,785 Sqft ∙ Built 1999
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,895
- $0.76
-
400 Newport Drive Allen, TX 4
- 5 beds 4 baths ∙ 3,754 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,754 Sqft ∙ Built 1996
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $3,300
- $0.88
PROPERTY LISTING DETAILS
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420248
Last Updated: 08/26/2020
