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2013 Fox Glen Drive Allen, TX 75013

5 Beds 4 Baths 2,959 sqft Built 1999

$394,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $133.46
  • 2 Days on Market
  • MLS # : 14490888
  • Updated Date : 01/02/2021 at 17:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,959 sqft
  • Baths : 3 full , 1 half
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

Beautiful 2-story home with 5 bedrooms and 3.5 baths in Plano ISD. Master bedroom contains massive bathroom and high-end cabinetry in the master closet. Large, spacious floor-plan with 2 living areas and 2 dining areas. Kitchen is the highlight of the entire house, containing an oversized breakfast bar, loads of cabinet space, and top-of-the-line granite countertops. Fenced backyard along with an open, stone patio are convenient for relaxing and family gatherings. Neighborhood is close to many shopping outlets and is in one of the fastest growing areas in the DFW area!

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: Custer Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Custer Hill 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
Beverly Elementary School Primary Regular 488 39 10
Hendrick Middle School Middle Regular 800 51 7
Plano Senior High School High Regular 2,766 155 9

Beverly Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 39
10
GreatSchools Rating

Hendrick Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 51
7
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$355,410$434,390$394,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,457
Property Tax -$760
Property Insurance -$198
HOA -$35
Property Management Fees -$99
CASH FLOW
-$300

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.

$394,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$8.0k

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$110,399

INVESTMENT

$110,399

Down Payment
$98,725
Rehab Estimate
$5,750
Closing Costs
$5,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,725
Loan Amount $296,175
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,315

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1953$2,2504$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 2013 Fox Glen Drive Allen, TX 3
    • 5 beds 4 baths ∙ 2,959 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,959 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 2312 Ravenhurst Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 1999
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 2329 Hunters Run Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2000
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.78
    •  
  • 2013 Westbury Lane Allen, TX 4
    • 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,779 Sqft ∙ Built 1997
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 2413 Hunters Run Drive Plano, TX 5
    • 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
PROPERTY LISTING DETAILS
Arunesh Vivek
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490888
Last Updated: 01/02/2021
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