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1503 Comanche Drive Allen, TX 75013

4 Beds 4 Baths 3,877 sqft Built 2011

$648,800

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $167.35
  • 5 Days on Market
  • MLS # : 14496420
  • Updated Date : 01/15/2021 at 12:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,877 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Allen-fairview

Listing Agent's Description

STUNNING with high end builder finishes galore! This custom home has the AWE factor you do not want to miss. Including a tranquil oasis backyard with heated or cooled indoor outdoor space, fireplace & grill, SW pool & jetted spa, nestled in mature trees. Inside 1st floor enter to a beautiful study with French doors, large master suite +2 more bedrooms down, formal dining, big chef's kitchen open to family room & fireplace, hand scrapped hardwoods & more. Upstairs boasts additional bed&bath, media-game room & wet bar. Quality features: upgraded insulation & high efficiency AC- 26 SEER with full home air filtration system, smarthome features, high end crown molding, plantation shutters. Come tour this beauty.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$583,920$713,680$648,800

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,254
Property Tax -$1,249
Property Insurance -$238
HOA -$48
Property Management Fees -$99
CASH FLOW
-$427

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.

$648,800

PROJECTED PRICE

$3,460

PROJECTED RENT

0.53%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,682

INVESTMENT

$177,682

Down Payment
$162,200
Rehab Estimate
$5,750
Closing Costs
$9,732

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,200
Loan Amount $486,600
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,811

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8004$2,9955$3,460
$3,460
RENT COMPS ANALYSIS
  • 1503 Comanche Drive Allen, TX 5
    • 4 beds 4 baths ∙ 3,650 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,650 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $0.95
    •  
  • 1414 Constellation Drive Allen, TX 1
    • 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 1998
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.70
    •  
  • 208 Tuscany Court Allen, TX 2
    • 5 beds 4 baths ∙ 3,760 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,760 Sqft ∙ Built 2000
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.74
    •  
  • 1405 Mcclure Drive Allen, TX 3
    • 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 2001
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
  • 1230 Brenham Drive Allen, TX 4
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
PROPERTY LISTING DETAILS
Colette Walter
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 #: 14496420
Last Updated: 01/15/2021
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