Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $165.27
- 3 Days on Market
- MLS # : 14522074
- Updated Date : 02/27/2021 at 16:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,027 sqft
- Baths : 2 full , 1 half
Listing Agent
Bengal Brokerage Llc
Listing Agent's Description
Perfect home looking for INVESTORS. There is currently a tenant living there till 07-31-2022. Stunning home with great drive up located on private cul de sac with ample parking! Spacious family room offers arched doorways, tons of natural light and a 2 way fireplace. Gourmet kitchen provides corian counters, smooth electric stove top, breakfast nook, tons of cabinet space with perfect set up for entertaining! Large game room up is a bonus for second living space. All spacious bedrooms are up. Master features large separate shower, garden tub and nice size walk in closet. Beautiful private fenced backyard with patio! No HOA restrictions. Lease can be transferred to the new owner. Current rent is 2100$.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Allen North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Allen North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$645 | |
| Property Insurance | -$144 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$190
|
||
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.
$335,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 11.8% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
1.67
YEARS SAVED
$3,688
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,951
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1202 Meadowbend Court Allen, TX 2
- 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $0.93
-
1205 Meadowgate Drive Allen, TX 1
- 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997
![property image]()
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,850
- $0.96
-
1106 Sandy Creek Drive Allen, TX 3
- 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,053 Sqft ∙ Built 1988
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
-
1203 Aberdeen Drive Allen, TX 4
- 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1999
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,900
- $0.98
-
1210 Willoughby Drive Allen, TX 5
- 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,027 Sqft ∙ Built 1999
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
PROPERTY LISTING DETAILS
Bengal Brokerage Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522074
Last Updated: 02/27/2021
