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1509 Fawn Hollow Court Allen, TX 75002

5 Beds 4 Baths 4,292 sqft Built 2002

$675,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $157.27
  • 2 Days on Market
  • MLS # : 14463955
  • Updated Date : 11/07/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,292 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

Custom home in Country Brook Estates and just a short short walk to Lovejoy Elementary. Home has a freshly updated kitchen with new cabinets, countertops, and appliances. Updated Master Bath and fresh coat of paint. Great neighborhood and community where your kiddos can ride their bikes and play outside. Privacy fence with electric gate and backyard Oasis. Also comes with Solar panels which gives you little to no electricity bills. This one won't last long!

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: Country Brook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k540k

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

Neighborhood: Country Brook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263468

* 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
Lovejoy Elementary School Primary Regular 435 33 10
Sloan Creek Intermediate School Middle Regular 679 43 10
Lovejoy High School High Regular 1,259 90 10

Lovejoy Elementary School

  • Education Level: Primary
  • # of students: 435
  • # of teachers: 33
10
GreatSchools Rating

Sloan Creek Intermediate School

  • Education Level: Middle
  • # of students: 679
  • # of teachers: 43
10
GreatSchools Rating

Lovejoy High School

  • Education Level: High
  • # of students: 1,259
  • # of teachers: 90
10
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,490
Property Tax -$1,299
Property Insurance -$275
HOA -$35
Property Management Fees -$99
CASH FLOW
-$679

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.

$675,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,490

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,591

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$3,5203$3,6004$4,000
$4,000
RENT COMPS ANALYSIS
  • 1509 Fawn Hollow Court Allen, TX 2
    • 5 beds 4 baths ∙ 4,292 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,292 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $0.82
    •  
  • 1612 Country Bend Allen, TX 1
    • 5 beds 4 baths ∙ 4,200 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,200 Sqft ∙ Built 2001
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.60
    •  
  • 1722 Mossbrook Lane Allen, TX 3
    • 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2001
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.90
    •  
  • 1707 Monaco Drive Allen, TX 4
    • 5 beds 4 baths ∙ 3,958 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,958 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Joel Treanor
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463955
Last Updated: 11/07/2020
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