Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1807 Travis Drive Allen, TX 75002

5 Beds 3 Baths 2,847 sqft Built 2001

$359,995

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $126.45
  • 3 Days on Market
  • MLS # : 14500402
  • Updated Date : 01/16/2021 at 09:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,847 sqft
  • Baths : 3 full
Listing Agent

Stride Real Estate, Llc

Listing Agent's Description

Welcome home to Allen's welcoming Round Rock neighborhood, zoned for highly-rated Allen ISD! Beautifully maintained home with high vaulted ceilings, lots of windows and natural light, eat in kitchen with island, hardwood floors, fireplace, large master suite, ceramic tile & carpet, art niches, separate utility room, sprinkler system. New multi color carpet and padding. French doors open to the office, which could also be used as a 5th bedroom with a full bath next to it. New AC. Conveniently located near shopping, parks, dining! Submit your best and highest offer before Sunday midnight. 01.17.2021.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Round Rock

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11102213

* 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
Story Elementary School Primary Regular 533 37 9
Ford Middle School Middle Regular 877 55 9
Ford Middle School High Regular 877 55 9

Story Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 37
9
GreatSchools Rating

Ford Middle School

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

Ford Middle School

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

$323,996$395,995$359,995

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,250
Property Tax -$693
Property Insurance -$192
HOA -$32
Property Management Fees -$99
CASH FLOW
-$236

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.

$359,995

PROJECTED PRICE

$2,030

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$101,149

INVESTMENT

$101,149

Down Payment
$89,999
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,999
Loan Amount $269,996
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,2003$2,2954$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 1807 Travis Drive Allen, TX 1
    • 5 beds 3 baths ∙ 2,847 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,847 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.71
    •  
  • 1513 High Country Lane Allen, TX 2
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2001
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 1611 Tanglewood Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,854 Sqft ∙ Built 2004
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 1524 Tanglewood Drive Allen, TX 4
    • 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,976 Sqft ∙ Built 2000
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.80
    •  
  • 1632 Lake Travis Drive Allen, TX 5
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2006
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Chenchi Kuriakose
Stride Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500402
Last Updated: 01/16/2021
BESbswy