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611 Bryan Boulevard Allen, TX 75013

4 Beds 4 Baths 2,908 sqft Built 2008

INVESTimate

$465,000

List Price

$2,620

$2,370 - $2,870

Rent Est.

$493,598  ( +6.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $159.90
  • 4 Days on Market
  • MLS # : 14418023
  • Updated Date : 08/25/2020 at 08:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,908 sqft
  • Baths : 3 full , 1 half
Listing Agent

Oakmont & Associates

Listing Agent's Description

NEW SHOWING INSTRUCTIONS. Best & Highest Offer by Sunday (8.30) @ 4pm. This welcoming 4 BR, 3.1 BA craftsman style house feels like home! Plantation shutters frame the front porch & lead you to the study with French doors. Master bedroom & another bedroom in separate wings provide ultimate privacy. Other bedrooms share a bath. Wooden blinds in dining & family room provide warmth. Spacious kitchen with stainless steel appliances (refrigerator negotiable) is a cook's dream & features a hook to hang pots. Bonus room with half bath and a huge 60in TV is wired and ready to go! Plenty of closet & attic space. Roof, bedroom carpets, and dishwasher recently replaced. Once you stop by, you’ll never want to leave!

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: The Park at Montgomery Farm

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Park at Montgomery Farm

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
Norton Elementary School Primary Regular 573 39 10
Norton Elementary School Middle Regular 573 39 10
Lowery Freshman Center High Regular 1,571 104 8

Norton Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 39
10
GreatSchools Rating

Norton Elementary School

  • Education Level: Middle
  • # of students: 573
  • # of teachers: 39
10
GreatSchools Rating

Lowery Freshman Center

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

$418,500$511,500$465,000

PURCHASE PRICE

$2,358$2,882$2,620

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,716
Property Tax -$895
Property Insurance -$195
HOA -$58
Property Management Fees -$99
CASH FLOW
-$343

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.

$465,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.15%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,6204$2,6955$2,850
$2,850
RENT COMPS ANALYSIS
  • 611 Bryan Boulevard Allen, TX 3
    • 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.90
    •  
  • 103 Tiburon Court Allen, TX 1
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1995
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 1146 Amy Drive Allen, TX 2
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.91
    •  
  • 416 Spinnaker Drive Allen, TX 4
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1997
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.96
    •  
  • 506 Mefford Lane Allen, TX 5
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2007
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
Angela Keys
Oakmont & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418023
Last Updated: 08/25/2020
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