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901 Asbury Drive Allen, TX 75013

3 Beds 3 Baths 2,483 sqft Built 2017

$535,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $215.47
  • 1 Days on Market
  • MLS # : 14532411
  • Updated Date : 03/21/2021 at 00:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,483 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Pretty & Full of Upgrades.. Aston Woods Sawgrass floor plan. Hw floors throughout, plantation shutters in some rooms, built-ins, Lg kitchen island with seating, lots of cabinets & drawers with hardware, butlers pantry with beverage cooler, SS appliances, convection oven & gas cooktop. Lots of windows for natural light, study with French doors & a private master retreat. Master bath features his & her vanities, large shower with seat, free standing tub, linen closet & big walk in closet. The utility room has space for an extra refrigerator. On your way to the garage there is a mud room with a bench. Smart car plug in garage. Out back is an extended covered patio & pergola. House faces green belt & walking trail.

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

Zip Code: 75013

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Zip Code: 75013

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Ereckson Middle School Middle Regular 1,156 69 9
Lowery Freshman Center High Regular 1,571 104 8
Ereckson Middle School Middle Unknown NA

Ereckson Middle School

  • Education Level: Middle
  • # of students: 1,156
  • # of teachers: 69
9
GreatSchools Rating

Lowery Freshman Center

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

Ereckson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,858
Property Tax -$1,030
Property Insurance -$171
HOA -$50
Property Management Fees -$99
CASH FLOW
-$558

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.

$535,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,700

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6803$2,6954$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 901 Asbury Drive Allen, TX 1
    • 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,483 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.07
    •  
  • 1007 Midland Drive Allen, TX 2
    • 3 beds 4 baths ∙ 2,447 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,447 Sqft ∙ Built 2017
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $1.10
    •  
  • 1303 Bailey Lane Allen, TX 3
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2018
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.06
    •  
  • 1105 Ferndale Drive Allen, TX 4
    • 4 beds 4 baths ∙ 2,457 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,457 Sqft ∙ Built 2017
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.10
    •  
  • 1017 Midland Drive Allen, TX 5
    • 3 beds 4 baths ∙ 2,471 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,471 Sqft ∙ Built 2017
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
PROPERTY LISTING DETAILS
Tamara Preston
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532411
Last Updated: 03/21/2021
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