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1935 Edgehill Drive Allen, TX 75013

4 Beds 4 Baths 3,241 sqft Built 2002

INVESTimate

$399,000

List Price

$2,540

$2,290 - $2,790

Rent Est.

$420,107  ( +5.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $123.11
  • 3 Days on Market
  • MLS # : 14415746
  • Updated Date : 08/24/2020 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,241 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

Beautifully Updated! Ready for move in and making family memories. This Gorgeous Home has plenty of room for your family's needs, 3 living areas, 2 dining options are amongst your options. Outside you have extended living in your private backyard with covered patio. If that doesn't suffice, enjoy the walking trails, community pool and park! Easy to show, bring all buyers, this property won't last. Washer and Dryer are negotiable.

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: Bridgewater Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Bridgewater Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Evans Elementary School Primary Regular 633 41 10
Evans Elementary School Middle Regular 633 41 10
Lowery Freshman Center High Regular 1,571 104 8

Evans Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 41
10
GreatSchools Rating

Evans Elementary School

  • Education Level: Middle
  • # of students: 633
  • # of teachers: 41
10
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,472
Property Tax -$768
Property Insurance -$214
HOA -$53
Property Management Fees -$99
CASH FLOW
-$67

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.

$399,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.29%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,520

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4954$2,5405$2,600
$2,600
RENT COMPS ANALYSIS
  • 1935 Edgehill Drive Allen, TX 4
    • 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.78
    •  
  • 1922 Bridgewater Drive Allen, TX 1
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2002
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 1212 Waterdown Drive Allen, TX 2
    • 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2000
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
  • 1310 Kerrville Drive Allen, TX 3
    • 3 beds 3 baths ∙ 3,046 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,046 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
  • 1913 Bridgewater Drive Allen, TX 5
    • 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,241 Sqft ∙ Built 2001
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
PROPERTY LISTING DETAILS
Michele Nemecek
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415746
Last Updated: 08/24/2020
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