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

1223 Shadetree Lane Allen, TX 75013

3 Beds 2 Baths 2,618 sqft Built 1995

$405,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $154.70
  • 4 Days on Market
  • MLS # : 14487988
  • Updated Date : 02/13/2021 at 20:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,618 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Beautiful single story in Raintree Estates of Twin Creeks. Enjoy the large, light and bright living spaces, updated kitchen, and additional living area off the secondary bedrooms. Master bedroom has sitting area which would make a great space for home office, bath has separate shower and jetted tub, along with his & her vanities, and oversized walk-in closet. This home has been meticulously maintained and only owned by two families. Located conveniently close to restaurants, shopping, and schools. The HOA includes two swimming complexes, The Arnold Palmer Signature Golf Course, pavilions and tennis courts, catch and release fishing, basketball courts, and hiking and biking. OFFERS DUE SUNDAY EVENING.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 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
Ereckson Middle School Middle Regular 1,156 69 9
Lowery Freshman Center High Regular 1,571 104 8
Ereckson Middle School Middle Unknown NA

Ereckson Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 69
9
GreatSchools Rating

Lowery Freshman Center

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

Ereckson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,407
Property Tax -$780
Property Insurance -$178
HOA -$19
Property Management Fees -$99
CASH FLOW
-$93

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.

$405,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2503$2,3904$2,5005$2,695
$2,695
RENT COMPS ANALYSIS
  • 1223 Shadetree Lane Allen, TX 3
    • 3 beds 2 baths ∙ 2,618 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,618 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.91
    •  
  • 1221 Greenway Drive Allen, TX 1
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1996
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 1309 Capstan Drive Allen, TX 2
    • 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1996
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 1124 Belvedere Drive Allen, TX 4
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1995
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 416 Spinnaker Drive Allen, TX 5
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1997
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jamie Marancenbaum
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487988
Last Updated: 02/13/2021
BESbswy