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1112 Bridgeway Lane Allen, TX 75013

4 Beds 4 Baths 4,113 sqft Built 2003

$614,999

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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

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: Waterford Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Waterford Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Ereckson Middle School Middle Regular 1,156 69 9
Lowery Freshman Center High Regular 1,571 104 8
Ereckson Middle School Middle Unknown NA

Ereckson Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 69
9
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating

Ereckson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$553,499$676,499$614,999

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,249
See What Happens When You Reinvest Cash Flow

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
$3,200
1$3,2002$3,2903$3,3504$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 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
Ann Parsley
Ebby Halliday, Allen-fairview
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519652
Last Updated: 03/06/2021
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