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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twin Creeks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$177,682
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,200 |
| Loan Amount | $486,600 |
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
-
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
Ebby Halliday, Allen-fairview
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496420
Last Updated: 01/15/2021
