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1115 Stampede Drive Allen, TX 75002

4 Beds 2 Baths 2,009 sqft Built 2015

$340,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $169.24
  • 3 Days on Market
  • MLS # : 14488077
  • Updated Date : 12/19/2020 at 20:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

MULTILPE OFFERS! HIGHEST AND BEST SUNDAY BY 5PM! Like new in Morgan Crossing!! This beautiful single story home is ready for you to move right in! This home features 4 bedrooms and two baths. The 4th bedroom has a walk in closet and French doors. It can be used as a study or bedroom! The kitchen boasts granite countertops and stainless appliances, eat in area with space for a full table, and it overlooks the living room. The spacious living room has tall ceilings and a gas log fireplace. The master bedroom is split from the secondary bedrooms with a large master bath and dual sinks. Don't miss out on this beautiful home situated in a lovely neighborhood close to everything in Allen! Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Morgan Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k411k

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

Neighborhood: Morgan Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262377

* 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
Chandler Elementary School Primary Regular 684 44 10
Chandler Elementary School Middle Regular 684 44 10
Ford Middle School High Regular 877 55 9

Chandler Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 44
10
GreatSchools Rating

Chandler Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 44
10
GreatSchools Rating

Ford Middle School

  • Education Level: High
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,254
Property Tax -$655
Property Insurance -$143
HOA -$50
Property Management Fees -$99
CASH FLOW
-$241

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.

$340,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.6%
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-$8.0k-$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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9604$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 1115 Stampede Drive Allen, TX 3
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.98
    •  
  • 1716 Mapleleaf Fall Drive Allen, TX 1
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2000
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 1820 Sanderlain Lane Allen, TX 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2011
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 1721 Nestledown Drive Allen, TX 4
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2008
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.95
    •  
  • 1627 Nestledown Drive Allen, TX 5
    • 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2009
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jason Otts
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488077
Last Updated: 12/19/2020
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