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2031 Londonderry Drive Allen, TX 75013

4 Beds 3 Baths 2,692 sqft Built 2000

$379,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $140.79
  • 2 Days on Market
  • MLS # : 14532819
  • Updated Date : 03/20/2021 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,692 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Beautiful light-filled house with gorgeous tile floors with black granite inlays, leading you from the impressive entry way, past the first living room and dining room area to the family room and kitchen area of this open floor plan. The main bedroom suite is located on the first floor and has a spa-like updated bathroom. Upstairs, you will find the large game room, 3 large guestrooms and a second bathroom. This house is move in ready, brand new kitchen appliances (microwave, convection oven, dishwasher), 2018 Rheem HVAC system + water heater, 2018 roof, whole house surge and lightning protector, smart garage door opener Elfa Shelving, etc. Check out the Update List Doc for details!

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 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,316
Property Tax -$730
Property Insurance -$183
HOA -$36
Property Management Fees -$99
CASH FLOW
-$203

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.

$379,000

PROJECTED PRICE

$2,160

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$4,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,2003$2,2004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 2031 Londonderry Drive Allen, TX 1
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.80
    •  
  • 2038 Nottingham Place Allen, TX 2
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2000
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 2029 Wimbledon Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2000
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 2049 Wimbledon Drive Allen, TX 4
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2000
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 2013 Westbury Lane Allen, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Hilde Verhaegen
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532819
Last Updated: 03/20/2021
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