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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $164.59
- 1 Days on Market
- MLS # : 14475720
- Updated Date : 11/21/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,005 sqft
- Baths : 2 full
Listing Agent
5th Stream Realty
Listing Agent's Description
Gorgeous move-in ready home in desirable Glendover Park subdivision. The neighborhood feeds into award winning Allen ISD & is in walking distance to top rated elementary school. Amenities include family friendly parks, pond & community pool. This beautiful home has freshly painted interior and exterior. It has an open floor plan with laminate wood floors thru-out. The master is private & beautiful bath. It has abundance of natural lights. The kitchen boasts a beautiful granite countertop, stainless steel appliances, and custom painted cabinets and is open to the breakfast room & living room with a fireplace. Backyard includes covered patio and pool sized yard with new stained fence. Minutes from Hwy 121 & 75.
SEE MORE
- 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: Glendover Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glendover Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$635 | |
| Property Insurance | -$143 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$292
|
||
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.
$329,999
PROJECTED PRICE
$1,830
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,499 |
1.08
YEARS SAVED
$1,797
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,885
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
1334 Kingsley Drive Allen, TX 1
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,830
- $0.91
-
1415 Kingsley Drive Allen, TX 2
- 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2002
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,000
- $0.92
-
1421 Kingsley Drive Allen, TX 3
- 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2002
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,050
- $0.94
-
1509 Landsford Drive Allen, TX 4
- 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2001
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
1416 Tartan Drive Allen, TX 5
- 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2000
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
PROPERTY LISTING DETAILS
5th Stream Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475720
Last Updated: 11/21/2020
