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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $131.22
- 4 Days on Market
- MLS # : 14479454
- Updated Date : 12/12/2020 at 12:02
CONSTRUCTION
- Beds : 4
- Floor Size : 3,238 sqft
- Baths : 3 full
Listing Agent
Re/max Town & Country
Listing Agent's Description
Meticulously maintained 1-owner Drees 4 BR 3 bath with Study plus huge Game & Media. You are greeted by soaring ceilings & gorgeous hand scraped hardwood floors. Study with French doors. Formal dining accommodates large table. Kitchen with granite & gas cooktop opens to family room with stunning stone fireplace. Downstairs Master has granite counters, tiled shower plus soaking tub & large walk-in closet. Guest BR & bath down. 2 BRs with bath up. Big game room allows for both work & play activities. Spacious media room tucked away off of game room is wired for a projector. Screen & speakers stay! Roof 2019. AC Coil 2018. Community pool, clubhouse & park. Within walking distance to trails, restaurants & shopping!
SEE MORE
- . 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: Quail Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Run
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$818 | |
| Property Insurance | -$214 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$424,900
PROJECTED PRICE
$2,800
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,349
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
5.17
YEARS SAVED
$27,031
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$3,084
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
907 Panther Lane Allen, TX 2
- 4 beds 3 baths ∙ 3,238 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,238 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,800
- $0.86
-
2235 Morning Dew Court Allen, TX 1
- 4 beds 4 baths ∙ 3,410 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,410 Sqft ∙ Built 2009
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,800
- $0.82
-
810 Callaway Drive Allen, TX 3
- 5 beds 4 baths ∙ 3,271 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,271 Sqft ∙ Built 2018
LEASED 11/21/20- Rent
- Rent Per SQFT
- $3,195
- $0.98
-
1990 Verde Court Allen, TX 4
- 5 beds 4 baths ∙ 3,118 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,118 Sqft ∙ Built 2012
LEASED 10/21/20- Rent
- Rent Per SQFT
- $3,200
- $1.03
-
710 Birdie Drive Allen, TX 5
- 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2017
LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,200
- $0.98
PROPERTY LISTING DETAILS
Re/max Town & Country
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479454
Last Updated: 12/12/2020
