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

718 Pulitzer Lane Allen, TX 75002

4 Beds 2 Baths 2,118 sqft Built 1989

$335,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $158.17
  • 5 Days on Market
  • MLS # : 14493941
  • Updated Date : 01/20/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,118 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Transitional Modern Touches in Allen Texas! Upon Entry Light & Bright, Tall Ceilings, Formal Dining, Family Room, Wood Like Vinyl Flooring & Soft Neutral Gray Paint, Greets You. Separate Kitchen, Ceramic Tile, Granite Island, Granite C-Tops, Upgraded Mahogany Cabinetry-Soft Close Hinges, SS-Blk Appl, Electric Cook-Top & Pantry. 2nd Living Area Off Kitchen with Built-Ins Cabinets, Granite Shelving & WB Fireplace. Large Owners Suite & Bath, Sep.Shower & Garden Tub, 2 WIC's. 3 Bedrms & Hall Full Bath. Backyard Offers Open Patio, 10ft BOB-Fence & 12x12 Hobby Shed. Recent 2020-2021 Updates: Roof & Installation, Water Htr, Carpet, Foundation, Front Door Hardware, Fireplace Srvc, Laminate Wood-Like Vinyl Flooring.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Heritage Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262213

* 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
 

$301,500$368,500$335,000

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 -$1,164
Property Tax -$645
Property Insurance -$150
Property Management Fees -$99
CASH FLOW
-$107

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.

$335,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,213

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
  • $0.92

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9504$1,9755$2,000
$2,000
RENT COMPS ANALYSIS
  • 718 Pulitzer Lane Allen, TX 3
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 803 Rockefeller Lane Allen, TX 1
    • 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,004 Sqft ∙ Built 2003
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 809 Parkview Circle Allen, TX 2
    • 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,003 Sqft ∙ Built 1996
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 976 Rutgers Court Allen, TX 4
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1995
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.96
    •  
  • 1109 Shadow Lakes Boulevard Allen, TX 5
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1993
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rene Burchell
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493941
Last Updated: 01/20/2021
BESbswy