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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $132.30
- 3 Days on Market
- MLS # : 14483919
- Updated Date : 01/08/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,260 sqft
- Baths : 2 full
Listing Agent
Dave Perry Miller Real Estate
Listing Agent's Description
UPDATED PAINT AND CARPET, 3 bedroom, 2 bath home with 2 living areas. Upstairs living area perfect as media or game room. All bedrooms are downstairs. Master bedroom includes walk-in closets. Located across the street from greenbelt and walking trails! Allen ISD. Convenient access to HWY 75.
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: Brookside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brookside
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$576 | |
| Property Insurance | -$158 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$69
|
||
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.
$299,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
5.58
YEARS SAVED
$18,477
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,057
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1219 Brook Ridge Avenue Allen, TX 2
- 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,970
- $0.87
-
1341 Dove Brook Drive Allen, TX 1
- 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 2000
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
1307 Heather Brook Drive Allen, TX 3
- 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 2001
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
-
1112 Brook Ridge Avenue Allen, TX 4
- 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1999
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.94
-
1302 Heather Brook Drive Allen, TX 5
- 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,260 Sqft ∙ Built 2001
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,995
- $0.88
PROPERTY LISTING DETAILS
Dave Perry Miller Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483919
Last Updated: 01/08/2021
