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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $102.07
- 3 Days on Market
- MLS # : 14488001
- Updated Date : 12/19/2020 at 04:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,674 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Great home for a large family in the very desirable community of Silhouette in Allen! This 5 bed, 3.1 bath home comes with hardwood floors & fresh paint throughout the common areas, formal dining room, new carpet upstairs, and spacious game room! Large kitchen with stainless appliances and butlers pantry. Huge master en-suite with sitting area, dual sinks, separate shower, garden tub, and his~hers walk-in closet. Large secondary bedrooms all come with walk-in closets. Close to shopping, restaurants, and entertainment at the Fairview Town Center and the Village at Allen. Easy access to Hwy 75 & 121.
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: Silhouette
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silhouette
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$722 | |
| Property Insurance | -$239 | |
| HOA | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$61
|
||
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.
$375,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.58
YEARS SAVED
$14,501
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,746
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
1726 Honey Creek Lane Allen, TX 2
- 5 beds 4 baths ∙ 3,674 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,674 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,500
- $0.68
-
1740 Honey Creek Lane Allen, TX 1
- 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2006
LEASED 02/09/20- Rent
- Rent Per SQFT
- $2,395
- $0.65
-
5607 Emerson Court Fairview, TX 3
- 5 beds 4 baths ∙ 3,726 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,726 Sqft ∙ Built 2006
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,800
- $0.75
-
1313 Winecup Court Allen, TX 4
- 5 beds 4 baths ∙ 3,568 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,568 Sqft ∙ Built 2005
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,800
- $0.78
-
1606 Bryce Canyon Lane Allen, TX 5
- 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 2005
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,895
- $0.81
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488001
Last Updated: 12/19/2020
