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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $149.53
- 2 Days on Market
- MLS # : 14519652
- Updated Date : 03/06/2021 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,113 sqft
- Baths : 4 full
Listing Agent
Ebby Halliday, Allen-fairview
Listing Agent's Description
A gem of a house in desirable West Allen! Allen schools! Built by Shaddock Homes! 4 bedrooms, 4 baths, 3 car garage. Study could be 5th bedroom. Situated on a quiet street and close to the green belt and path at the end of the street, this house has it all. Enjoy the neighborhood pool and playground. Walk the serene jogging and bike paths and come home to your own patio and private back yard. Play in the upstairs game room or be entertained in your own media room. Whip up a meal in the updated gourmet kitchen or enjoy the light and bright living areas with vaulted ceilings and fireplace. Close to restaurants, shopping, medical, 121 and 75. Come fall in love!
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: Waterford Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$2,136 |
| Property Tax | -$1,184 | |
| Property Insurance | -$265 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$432
|
||
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.
$614,999
PROJECTED PRICE
$3,290
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 1.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$168,725
LOAN DETAILS
$2,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $153,750 |
| Loan Amount | $461,249 |
1.25
YEARS SAVED
$3,782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,547
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1112 Bridgeway Lane Allen, TX 2
- 4 beds 4 baths ∙ 4,113 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,113 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $3,290
- $0.80
-
1021 Hot Springs Drive Allen, TX 1
- 5 beds 4 baths ∙ 3,938 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,938 Sqft ∙ Built 2007
LEASED 01/22/20- Rent
- Rent Per SQFT
- $3,200
- $0.81
-
1510 Evanvale Drive Allen, TX 3
- 5 beds 3 baths ∙ 3,829 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,829 Sqft ∙ Built 2007
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,350
- $0.87
-
971 Holt Lane Allen, TX 4
- 5 beds 4 baths ∙ 3,974 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,974 Sqft ∙ Built 2016
LEASED 09/04/20- Rent
- Rent Per SQFT
- $3,500
- $0.88
-
1505 Willingham Drive Allen, TX 5
- 5 beds 4 baths ∙ 4,119 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,119 Sqft ∙ Built 2007
LEASED 02/09/21- Rent
- Rent Per SQFT
- $3,650
- $0.89
PROPERTY LISTING DETAILS
Ebby Halliday, Allen-fairview
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519652
Last Updated: 03/06/2021
