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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $137.53
- 2 Days on Market
- MLS # : 14479862
- Updated Date : 12/05/2020 at 13:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,145 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
WOW! This Darling 3bd, 2.5bth home is absolutely adorable! Open floor plan, boasts extensive wood floors, built-ins, and gorgeous fireplace! NEW carpet, SS Appliances, granite, blinds thru-out. New Roof 2018! Spacious and PRIVATE backyard with Incredible view is sure to impress, backs up to stunning greenbelt, and path.Extended covered patio, great for entertaining. The backyard entrance has an Electric Driveway gate for added security and peace of mind. Award-Winning Allen Schools, WALK TO ALL SCHOOLS. Prime Location is just a few minutes from 75 and Hwy 121. This is a beautiful community near Bethany Lakes Park includes many walking & biking trails, fishing lakes, workout facilities, & a playground. No HOA!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Shadow Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$592 | |
| Property Insurance | -$151 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$295,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
4.33
YEARS SAVED
$14,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,952
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
302 Bardwell Drive Allen, TX 3
- 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.89
-
503 Cameron Allen, TX 1
- 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1996
![property image]()
LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
300 Bardwell Drive Allen, TX 2
- 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1997
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,900
- $0.83
-
316 Droinwich Circle Allen, TX 4
- 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1995
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,950
- $0.94
-
505 Dartmouth Lane Allen, TX 5
- 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 1996
![property image]()
LEASED 12/14/19- Rent
- Rent Per SQFT
- $1,995
- $0.94
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479862
Last Updated: 12/05/2020
