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1815 Giddings Court Allen, TX 75002

4 Beds 3 Baths 2,431 sqft Built 2001

$415,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $170.71
  • 1 Days on Market
  • MLS # : 14463477
  • Updated Date : 11/02/2020 at 12:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,431 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lc Realty, Inc.

Listing Agent's Description

Beautifully remodeled home located in highly sought after Allen ISD! Home is situated on a large cul-de-sac lot, new stone flower bed landscaping! This home has a covered patio in backyard that is great for entertaining! This spacious home has been completely remodeled with new ceramic tile throughout, new paint, new flooring, marble kitchen counter tops, marble backsplash, stainless steel appliances, new crown molding throughout and much more!

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: Abbey Hill Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Abbey Hill Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11062213

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,531
Property Tax -$799
Property Insurance -$168
HOA -$19
Property Management Fees -$99
CASH FLOW
-$686

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.

$415,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,930
1$1,9302$1,9503$2,0004$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1815 Giddings Court Allen, TX 1
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.79
    •  
  • 1706 Mineral Springs Drive Allen, TX 2
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2004
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 1707 Balboa Lane Allen, TX 3
    • 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 105 Haven Place Allen, TX 4
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 1990
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 1530 Balboa Lane Allen, TX 5
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2002
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Cheryll Willeford
Lc Realty, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463477
Last Updated: 11/02/2020
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