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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $153.68
- 4 Days on Market
- MLS # : 14493053
- Updated Date : 01/14/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,221 sqft
- Baths : 3 full , 1 half
Listing Agent
Truhome Real Estate
Listing Agent's Description
Best Kept Secret In Twin Creeks! Picturesque Home On Tree Lined Street That Has Been Lovingly Maintained And Beautifully Appointed. Updates Include Windows, Both HVAC’s, Roof, Gutters, Sidewalks, Exterior Paint, Landscaping, Flooring, Bathrooms, Granite, GE SS Profile Convect Appliances & A STUNNING Outdoor Kitchen And Living Area With Fire Pit! Perfect Home, Perfect Location In Award Winning Allen ISD.
SEE MORE
- # 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: Raintree Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Raintree Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$953 | |
| Property Insurance | -$213 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$336
|
||
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.
$495,000
PROJECTED PRICE
$2,690
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 7.3% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
1.33
YEARS SAVED
$3,410
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,746
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
1116 Shadetree Lane Allen, TX 3
- 4 beds 4 baths ∙ 3,221 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,221 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,690
- $0.84
-
1503 Terlingua Court Allen, TX 1
- 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2000
LEASED 05/17/20- Rent
- Rent Per SQFT
- $2,600
- $0.81
-
501 Halyard Drive Allen, TX 2
- 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1998
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,650
- $0.85
-
1431 Constellation Drive Allen, TX 4
- 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 1998
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,695
- $0.85
-
506 Mefford Lane Allen, TX 5
- 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2007
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,850
- $0.90
PROPERTY LISTING DETAILS
Truhome Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493053
Last Updated: 01/14/2021
