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

750 Pulitzer Lane Allen, TX 75002

3 Beds 3 Baths 2,363 sqft Built 1992

$329,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $139.61
  • 3 Days on Market
  • MLS # : 14459685
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,363 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dallas Prestige Realty

Listing Agent's Description

Beautiful home in the Heritage Addition located on one quarter acre.Fresh interior paint November,2020. New AC installed in 2017.Hardwood floors.Foyer welcomes you into a floor plan perfect for entertaining with room for everyone! Open kitchen include granite countertops and SS appliances.Family room offers plenty of light & cozy fireplace.Spacious master retreat with dual sink vanity & garden tub perfect for relaxing.Upstairs gameroom for even more living & entertainment.Spacious bedrooms.Sparkling POOL,SPA & GAZEBO are on the large backyard with plenty of space.Oversized garage.Conveniently located near schools,shopps,parks,trails. Close to HWY I75.Award winning Allen ISD.Walking distance to Ford Pool & park.

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: 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,217
Property Tax -$635
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$75

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.

$329,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.62%

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,713

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,926

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9504$2,0405$2,095
$2,095
RENT COMPS ANALYSIS
  • 750 Pulitzer Lane Allen, TX 4
    • 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.86
    •  
  • 815 Kipling Drive Allen, TX 1
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1995
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 835 Parkview Circle Allen, TX 2
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1995
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 1006 Hidden Creek Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2003
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 705 Pulitzer Lane Allen, TX 5
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1989
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rosana Shekman
Dallas Prestige Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459685
Last Updated: 11/06/2020
BESbswy