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

804 Willow Brook Drive Allen, TX 75002

4 Beds 2 Baths 2,189 sqft Built 1991

$315,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $143.90
  • 1 Days on Market
  • MLS # : 14463011
  • Updated Date : 11/02/2020 at 12:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,189 sqft
  • Baths : 2 full
Listing Agent

Milestone Premier Properties

Listing Agent's Description

72 Hour Home Sale!!! Beautiful 4 bedroom 2 bath home in highly sought after Fountain Park community in Allen ISD. This home has beautiful wood flooring, updated HVAC, solar panels, beautiful back patio and deck and many more upgrades. This home has been immaculately maintained and wont last long! Call me today to make a bid or to schedule a showing!

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: Fountain Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k372k

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

Neighborhood: Fountain Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10782213

* 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
Reed Elementary School Primary Regular 612 40 7
Curtis Middle School Middle Regular 1,191 70 10
Lowery Freshman Center High Regular 1,571 104 8

Reed Elementary School

  • Education Level: Primary
  • # of students: 612
  • # of teachers: 40
7
GreatSchools Rating

Curtis Middle School

  • Education Level: Middle
  • # of students: 1,191
  • # of teachers: 70
10
GreatSchools Rating

Lowery Freshman Center

  • Education Level: High
  • # of students: 1,571
  • # of teachers: 104
8
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,162
Property Tax -$614
Property Insurance -$154
Property Management Fees -$99
CASH FLOW
-$189

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.

$315,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.5%
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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$4,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,817

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8404$1,8755$1,900
$1,900
RENT COMPS ANALYSIS
  • 804 Willow Brook Drive Allen, TX 3
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.84
    •  
  • 315 Sycamore Creek Road Allen, TX 1
    • 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 1983
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 916 Green Brook Drive Allen, TX 2
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1984
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
  • 915 Spring Brook Drive Allen, TX 4
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1985
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 713 Sycamore Creek Road Allen, TX 5
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 1990
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Greg Parks
Milestone Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463011
Last Updated: 11/02/2020
BESbswy