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1318 Marigold Drive Allen, TX 75002

3 Beds 2 Baths 1,168 sqft Built 1984

$244,700

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $209.50
  • 5 Days on Market
  • MLS # : 14529821
  • Updated Date : 03/20/2021 at 13:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,168 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Multiple Offers Best and Final due 3.22.21 at 10am. This single story beauty has new paint throughout, even in the garage. The wood floors in the living area compliment the massive fireplace. In the Kitchen you will find SS appliances, the range has double ovens and serve as a convection oven, and Italian porcelain tile add to the charm of this home. There are LED lighting throughout and new carpet in all bedrooms. Both baths have been completely remodeled with dramatic dark tile and complimentary vanities. The owners suite bath has heated floors! Efficient water harvesting system was installed to help your garden thrive. This home has been well cared for and is move-in ready for a new family.

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: Greengate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $112k372k

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

Neighborhood: Greengate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9032213

* 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
Lowery Freshman Center High Regular 1,571 104 8
Allen High School High Unknown NA
Lowery Freshman Center High Unknown NA

Lowery Freshman Center

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

Allen High School

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

Lowery Freshman Center

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

$220,230$269,170$244,700

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$850
Property Tax -$471
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
-$175

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.

$244,700

PROJECTED PRICE

$1,340

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,596

INVESTMENT

$70,596

Down Payment
$61,175
Rehab Estimate
$5,750
Closing Costs
$3,671

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$850

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,175
Loan Amount $183,525
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,407

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,5003$1,5954$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 1318 Marigold Drive Allen, TX 1
    • 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,168 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.15
    •  
  • 807 Rolling Ridge Drive Allen, TX 2
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1979
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
  • 909 Rolling Ridge Drive Allen, TX 3
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.20
    •  
  • 811 Rolling Ridge Drive Allen, TX 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.20
    •  
  • 1312 Flameleaf Drive Allen, TX 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.22
    •  
PROPERTY LISTING DETAILS
Cindy Bryant
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529821
Last Updated: 03/20/2021
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