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1116 Shadetree Lane Allen, TX 75013

4 Beds 4 Baths 3,221 sqft Built 1993

$495,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
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

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: Raintree Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Raintree Estates

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
Boon Elementary School Primary Regular 770 47 10
Boon Elementary School Middle Regular 770 47 10
Lowery Freshman Center High Regular 1,571 104 8

Boon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 47
10
GreatSchools Rating

Boon Elementary School

  • Education Level: Middle
  • # of students: 770
  • # of teachers: 47
10
GreatSchools Rating

Lowery Freshman Center

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

$445,500$544,500$495,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

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
$2,600
1$2,6002$2,6503$2,6904$2,6955$2,850
$2,850
RENT COMPS ANALYSIS
  • 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
Melissa Wolff
Truhome Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493053
Last Updated: 01/14/2021
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