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1513 Comanche Drive Allen, TX 75013

4 Beds 3 Baths 2,364 sqft Built 1994

$439,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $185.70
  • 3 Days on Market
  • MLS # : 14465796
  • Updated Date : 11/06/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,364 sqft
  • Baths : 2 full , 1 half
Listing Agent

Halo Group Realty, Llc

Listing Agent's Description

Spectacular with pool-spa in sought after Twin Creeks! Open floor plan showcases sprawling living, big updated Chef’s Kitchen with an abundance of cabinets and breakfast bar! Master Suite offers backyard pool views and is completed with sitting area, tiered ceilings and an attached bath w-jetted tub, WIC, sep shower, & his-her vanities! One of a kind backyard OASIS with lagoon pool, attached spa. Covered patio and HUGE yard! UPDATES GALORE in this home include Pool and pool deck resurfaced, Roof, HVAC, Tankless Water Heater, Foundation with Transferable Warranty, Kitchen & Bathrooms. Full update list with dates in the transaction desk. Minutes from Hwys 121 & 75 shopping, dining and entertainment!

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
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,620
Property Tax -$845
Property Insurance -$164
HOA -$98
Property Management Fees -$99
CASH FLOW
-$565

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.

$439,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.51%

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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$129

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2504$2,2505$2,260
$2,260
RENT COMPS ANALYSIS
  • 1513 Comanche Drive Allen, TX 5
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.96
    •  
  • 1416 Tartan Drive Allen, TX 1
    • 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,201 Sqft ∙ Built 2000
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 502 Overhill Drive Allen, TX 2
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1997
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 1221 Greenway Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 1996
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 1309 Capstan Drive Allen, TX 4
    • 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,442 Sqft ∙ Built 1996
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ciearra Harless
Halo Group Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465796
Last Updated: 11/06/2020
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