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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $139.05
- 3 Days on Market
- MLS # : 14489970
- Updated Date : 01/01/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,046 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Great family home with master bedroom down, 2 bedrooms and game room up! Kitchen open to cozy family room with wood burning fireplace; nice sized breakfast area plus formal dining room. Updates include: appliances replaced in 2018; roof 2018, fence 2020, water heater 2019, laminate wood flooring in family, master and formal dining area; large backyard for pets and kids. Refrigerator stays! Close to neighborhood park!
SEE MORE
- # 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: Cottonwood Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottonwood Bend
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,050 |
| Property Tax | -$548 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$128
|
||
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.
$284,500
PROJECTED PRICE
$1,970
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.3% |
| 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
$81,143
LOAN DETAILS
$1,050
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,125 |
| Loan Amount | $213,375 |
7.08
YEARS SAVED
$28,480
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,005
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
619 Lakewood Drive Allen, TX 4
- 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $1,970
- $0.96
-
557 Freestone Drive Allen, TX 1
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1985
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,750
- $0.94
-
562 Freestone Drive Allen, TX 2
- 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1985
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
1207 Brook Drive Allen, TX 3
- 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 1992
![property image]()
LEASED 09/12/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
722 Rolling Hills Drive Allen, TX 5
- 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1994
![property image]()
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,150
- $1.01
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489970
Last Updated: 01/01/2021
