Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

703 Juniper Drive Allen, TX 75002

3 Beds 2 Baths 1,359 sqft Built 1985

$229,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $168.51
  • 3 Days on Market
  • MLS # : 14466809
  • Updated Date : 11/06/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,359 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to a freshly updated home in a quiet neighborhood! This home has been completely remodeled with new paint inside and out, new tile and laminate wood floors throughout - no carpet - granite countertops in kitchen and baths, tiled showers, new fixtures, appliances, backsplash, and more. Large backyard is perfect for relaxing or entertaining as well as the covered front porch. Built in shelves and cabinets in the living room provide extra storage space next to the newly tiled fireplace. Home also benefits from a lot of natural light during the day. Click on virtual tour link for a video tour of the home!

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: Greengate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $112k372k

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

Neighborhood: Greengate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9032213

* 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
Story Elementary School Primary Regular 533 37 9
Ford Middle School Middle Regular 877 55 9
Ford Middle School High Regular 877 55 9

Story Elementary School

  • Education Level: Primary
  • # of students: 533
  • # of teachers: 37
9
GreatSchools Rating

Ford Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating

Ford Middle School

  • Education Level: High
  • # of students: 877
  • # of teachers: 55
9
GreatSchools Rating
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$845
Property Tax -$441
Property Insurance -$106
Property Management Fees -$99
CASH FLOW
-$60

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.

$229,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4653$1,5954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 703 Juniper Drive Allen, TX 1
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.05
    •  
  • 921 Roaming Road Drive Allen, TX 2
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1972
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $1.15
    •  
  • 1410 Flameleaf Drive Allen, TX 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1985
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
  • 706 Juniper Drive Allen, TX 4
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1985
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.18
    •  
  • 505 Flameleaf Drive Allen, TX 5
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1987
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Nick Avila
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466809
Last Updated: 11/06/2020
BESbswy