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712 Yellowstone Drive Allen, TX 75002

4 Beds 2 Baths 2,222 sqft Built 1999

$329,500

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $148.29
  • 1 Days on Market
  • MLS # : 14493927
  • Updated Date : 01/09/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,222 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Located towards the end of a quiet cul de sac, this single story gem is waiting for you! 4 bdrm, 2 bath plus study, formal dining room and eat in kitchen. Oversized 16x18 master suite with ensuite bathroom has dual vanities, separate tub and shower. One bedroom has been modified as a second living area to create a guest suite. Custom features include gorgeous nail down hand scraped oak floors in main living areas, plantation shutters & designer light fixtures. Updated kitchen with SS appliances, breakfast bar, island with granite countertops. New roof 2016 Large backyard is perfect for 2 & 4 legged family members. Cul de sac dead ends to a greenbelt with walking trails. Minutes to Celebration Park. NO HOA

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Parkside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11172213

* 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
Bolin Elementary School Primary Regular 631 41 9
Bolin Elementary School Middle Regular 631 41 9
Ford Middle School High Regular 877 55 9

Bolin Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 41
9
GreatSchools Rating

Bolin Elementary School

  • Education Level: Middle
  • # of students: 631
  • # of teachers: 41
9
GreatSchools Rating

Ford Middle School

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

$296,550$362,450$329,500

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,144
Property Tax -$634
Property Insurance -$156
Property Management Fees -$99
CASH FLOW
-$83

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.

$329,500

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$93,068

INVESTMENT

$93,068

Down Payment
$82,375
Rehab Estimate
$5,750
Closing Costs
$4,943

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,375
Loan Amount $247,125
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,306

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 712 Yellowstone Drive Allen, TX 4
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 1507 Warm Springs Drive Allen, TX 1
    • 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,239 Sqft ∙ Built 2001
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 1434 Yosemite Drive Allen, TX 2
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1999
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 707 Seminole Trail Allen, TX 3
    • 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1998
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 729 Yellowstone Drive Allen, TX 5
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 2000
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Frances Kwan
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493927
Last Updated: 01/09/2021
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