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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $152.22
- 3 Days on Market
- MLS # : 14526139
- Updated Date : 03/12/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,284 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Here's what you're gonna love about this home. Mostly single story except for the massive game room upstairs with walk-in closet and its own full bathroom. Nearly half acre (.46) interior lot. 60 ft. 3 car drive way. Oversized 3 car garage. Great location with easy access to Exchange and right in the middle of HWY 121 or 75. Low traffic cul-de-sac location with creek across the street. Great open floor plan with so many options with office, what I call a Flex room because it's another room before you get to the bedrooms; possible extra TV room for kids or homeschool room, etc. Open floor plan with big living room. Kitchen has granite counter, island and stainless appliances. Beautiful master with rear access.
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: 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 | $2,710 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$962 | |
| Property Insurance | -$217 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$357
|
||
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.
$499,900
PROJECTED PRICE
$2,710
PROJECTED RENT
0.54%
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
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
1.25
YEARS SAVED
$2,953
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,710
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,832
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1506 Terlingua Court Allen, TX 4
- 4 beds 3 baths ∙ 3,284 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,284 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,710
- $0.83
-
1503 Terlingua Court Allen, TX 1
- 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2000
LEASED 05/17/20- Rent
- Rent Per SQFT
- $2,600
- $0.81
-
501 Halyard Drive Allen, TX 2
- 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,108 Sqft ∙ Built 1998
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,650
- $0.85
-
1431 Constellation Drive Allen, TX 3
- 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,187 Sqft ∙ Built 1998
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,695
- $0.85
-
1495 Abby Way Allen, TX 5
- 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2010
LEASED 07/20/20- Rent
- Rent Per SQFT
- $3,200
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14526139
Last Updated: 03/12/2021
