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2017 Huntcliffe Court Allen, TX 75013

5 Beds 4 Baths 4,194 sqft Built 2003

$575,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $137.10
  • 3 Days on Market
  • MLS # : 14531620
  • Updated Date : 03/12/2021 at 12:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,194 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

This Shaddock Monster Sparkles. On the City of Allen Municipal grid...never lost power or water. Updated 5.4.3.4 Living areas w a heated pool and spa. New paint, trim and front to back scraped hardwoods throughout 1st floor. Oversized game and Media up, Master down, updated kitchen w Island, breakfast bar and eat in plus dining room w a 3 car garage. Huntcliffe is a Cul de sac and connects to the Twin Creeks addition. Top rated Allen ISD. Home is light bright and move in ready. Bring your offers...will not disappoint.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Custer Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Custer Meadows

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
Ereckson Middle School Middle Regular 1,156 69 9
Lowery Freshman Center High Regular 1,571 104 8
Ereckson Middle School Middle Unknown NA

Ereckson Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 69
9
GreatSchools Rating

Lowery Freshman Center

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

Ereckson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$1,997
Property Tax -$1,107
Property Insurance -$270
HOA -$40
Property Management Fees -$99
CASH FLOW
-$122

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.

$575,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,013

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,387

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,3004$3,3905$3,745
$3,745
RENT COMPS ANALYSIS
  • 2017 Huntcliffe Court Allen, TX 4
    • 5 beds 4 baths ∙ 4,194 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,194 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $0.81
    •  
  • 1815 Palo Pinto Drive Allen, TX 1
    • 5 beds 4 baths ∙ 4,067 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,067 Sqft ∙ Built 2005
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.76
    •  
  • 1402 Caliche Trail Allen, TX 2
    • 5 beds 4 baths ∙ 4,067 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,067 Sqft ∙ Built 2015
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.81
    •  
  • 1813 Port Isabel Drive Allen, TX 3
    • 5 beds 4 baths ∙ 4,205 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,205 Sqft ∙ Built 2005
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.78
    •  
  • 502 Cordilleran Court Allen, TX 5
    • 4 beds 4 baths ∙ 4,237 Sqft ∙ Built 2015 4 beds 4 baths ∙ 4,237 Sqft ∙ Built 2015
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,745
    • $0.88
    •  
PROPERTY LISTING DETAILS
Alan Michlin
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531620
Last Updated: 03/12/2021
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