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1807 Lake Whitney Lane Allen, TX 75002

5 Beds 4 Baths 4,262 sqft Built 2000

$475,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $111.45
  • 11 Days on Market
  • MLS # : 14455290
  • Updated Date : 10/24/2020 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,262 sqft
  • Baths : 3 full , 1 half
Listing Agent

William Davis Realty

Listing Agent's Description

Luxurious 5 bedroom,3.1 baths custom home with beautiful curb appeal!Stunning grand entry with marble floor and dramatic curved iron double staircase.Bright and open.Amazing,private Master suite down with sitting area and see-through into the Master spa bath fireplace.Gourmet kitchen featuring granite counter tops,large island,wine cooler,SS app,double oven,gas cook-top,massive breakfast bar and breakfast nook.Spacious family room with soaring ceilings,gas fireplace,wood floor,remote control two ceiling fans,tons of natural light.Impressive upstairs with 4 oversized bedrooms,2 full baths & large game room.Beautiful custom large covered patio with deluxe outdoor kitchen island.So much to adore-come fall in love!

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: North Bethany Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: North Bethany Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11012213

* 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
Chandler Elementary School Primary Regular 684 44 10
Chandler Elementary School Middle Regular 684 44 10
Ford Middle School High Regular 877 55 9

Chandler Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 44
10
GreatSchools Rating

Chandler Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 44
10
GreatSchools Rating

Ford Middle School

  • Education Level: High
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,753
Property Tax -$914
Property Insurance -$273
HOA -$21
Property Management Fees -$99
CASH FLOW
-$420

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.

$475,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,640
$2,640
RENT COMPS ANALYSIS
  • 1807 Lake Whitney Lane Allen, TX
    • 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.62
    •  
PROPERTY LISTING DETAILS
Maya Monroe
William Davis Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455290
Last Updated: 10/24/2020
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