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1407 Comanche Drive Allen, TX 75013

4 Beds 3 Baths 2,579 sqft Built 1995

$369,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $143.43
  • 4 Days on Market
  • MLS # : 14469971
  • Updated Date : 11/12/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,579 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Allen-fairview-

Listing Agent's Description

Need a ONE STORY home with an elegant simplicity that checks all the boxes? You found it! A shaded front yard with a good old fashioned sittin' porch invites you to kick back with your favorite beverage at the end of the day. Living life like it used to be with visiting with the neighbors as they walk the neighborhood. Featuring open spaces with an abundance of natural light. Comanche Dr. is a beautiful curved tree lined street with so much appeal. Short walk to elementary school and close proximity to major thoroughfares, dining and shopping. You can still be moved in before the holidays!

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: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Twin Creeks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263455

* 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
Green Elementary School Primary Regular 682 45 8
Ereckson Middle School Middle Regular 1,156 69 9
Lowery Freshman Center High Regular 1,571 104 8

Green Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 45
8
GreatSchools Rating

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
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,365
Property Tax -$722
Property Insurance -$176
HOA -$48
Property Management Fees -$99
CASH FLOW
-$80

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.

$369,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,321

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,3304$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1407 Comanche Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,579 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.90
    •  
  • 1313 Sunderland Court Allen, TX 1
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2001
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 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
    •  
  • 1425 Cherokee Court Allen, TX 4
    • 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,584 Sqft ∙ Built 1998
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
  • 1411 Salado Drive Allen, TX 5
    • 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 1998
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Wayne Davey
Ebby Halliday, Allen-fairview-
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469971
Last Updated: 11/12/2020
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