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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $176.67
- 3 Days on Market
- MLS # : 14512693
- Updated Date : 02/04/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,511 sqft
- Baths : 3 full , 1 half
Listing Agent
Colleen Frost Real Estate Serv
Listing Agent's Description
NORMANDY HOMES MAPLE floor plan. With a CLASSY Traditional elevation, this home boasts a lovely entry with elevated ceilings and rich wood flooring through out the first floor. An open concept floor plan designed to meet your lifestyle. You'll find 'must haves' such as a private study, 2 dining areas, a beautiful kitchen with gorgeous tile backsplash and an over sized island, a family room with high ceilings and the bonus of a modern style fireplace , a SPACIOUS owner's suite with an inviting 'free standing tub' to relax and soak your day away in! Upstairs you'll find 3 large bedrooms, game room with 'Kid's Retreat' and an additional computer work space. What more could you want? READY IN MAY.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75013
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,810 |
| EXPENSES | Loan Payment | -$2,155 |
| Property Tax | -$1,194 | |
| Property Insurance | -$230 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$993
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$620,301
PROJECTED PRICE
$2,810
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 3.00% |
| 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
$166,380
LOAN DETAILS
$2,155
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $155,075 |
| Loan Amount | $465,226 |
0.08
YEARS SAVED
$44
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,810
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,800
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
921 Leola Lane Allen, TX 3
- 4 beds 4 baths ∙ 3,511 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,511 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,810
- $0.80
-
1059 Enchanted Rock Drive Allen, TX 1
- 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2014
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,695
- $0.74
-
1032 Margo Drive Allen, TX 2
- 4 beds 4 baths ∙ 3,411 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,411 Sqft ∙ Built 2017
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,800
- $0.82
-
1042 Enchanted Rock Drive Allen, TX 4
- 4 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,682 Sqft ∙ Built 2014
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,900
- $0.79
-
1230 Brenham Drive Allen, TX 5
- 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2000
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,995
- $0.84
PROPERTY LISTING DETAILS
Colleen Frost Real Estate Serv
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512693
Last Updated: 02/04/2021
