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1304 Rosewood Lane Allen, TX 75002

3 Beds 2 Baths 1,780 sqft Built 1996

$255,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $143.76
  • 5 Days on Market
  • MLS # : 14470542
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,780 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Great one story home located in the Cottonwood Bend addition of East Allen! This 3 bed, 2 bath home comes with new laminate wood grain flooring in the common areas and master, has 2 dining areas, and large backyard with covered patio - perfect for entertaining! Nice size kitchen with island, electric cooktop, and breakfast nook. Private Master en-suite with dual sinks, garden tub, separate shower, and walk-in closet! Within the highly desirable Allen Independent School District. Close proximity to Vaughan Elementary and easy access to Hwy 75!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Cottonwood Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Cottonwood Bend Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11242213

* 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
Vaughan Elementary School Primary Regular 508 35 9
Ford Middle School Middle Regular 877 55 9
Ford Middle School High Regular 877 55 9

Vaughan Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
9
GreatSchools Rating

Ford Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating

Ford Middle School

  • Education Level: High
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating
 

$230,310$281,490$255,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$944
Property Tax -$493
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$104

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.

$255,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,564

INVESTMENT

$73,564

Down Payment
$63,975
Rehab Estimate
$5,750
Closing Costs
$3,839

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$944

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,975
Loan Amount $191,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,397

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7703$1,8004$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 1304 Rosewood Lane Allen, TX 2
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.99
    •  
  • 711 Rolling Hills Drive Allen, TX 1
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1994
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 708 Deep Well Drive Allen, TX 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1986
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 806 Weeping Willow Court Allen, TX 4
    • 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,893 Sqft ∙ Built 1995
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.99
    •  
  • 1207 Brook Drive Allen, TX 5
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1992
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sarah Brimmage Cave
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470542
Last Updated: 11/22/2020
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