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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $133.55
- 3 Days on Market
- MLS # : 14514398
- Updated Date : 02/13/2021 at 12:09
CONSTRUCTION
- Beds : 4
- Floor Size : 3,145 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Multiple offers received, client asked to have all offers 5:00 PM Sunday. Single owner two-story charming Darling home in Waterford Trails! 4 bedrooms with an office, add on build-in cabinet and sink in the 2nd floor game room. The HVAC, hot water heater, roof and extra tall board-on-board wood fence have all been updated. This well-maintained and loved home has spacious rooms. A very nice green belt within the community that is great for nature lovers! Walking distance to the Quail Run Park and Cottonwood Creek Trail. Conveniently located near both highway 75 and 121, minutes away from shopping mall and restaurants and within Allen ISD!
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: Waterford Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$809 | |
| Property Insurance | -$209 | |
| HOA | -$50 | |
| 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.
$420,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.64%
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) | 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
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
5.25
YEARS SAVED
$23,557
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,948
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
929 Southfork Drive Allen, TX 2
- 4 beds 4 baths ∙ 3,145 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,145 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,700
- $0.86
-
1031 Enchanted Rock Drive Allen, TX 1
- 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2014
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,545
- $0.84
-
1033 Balmorhea Drive Allen, TX 3
- 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,960 Sqft ∙ Built 2013
![property image]()
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,800
- $0.95
-
810 Callaway Drive Allen, TX 4
- 5 beds 4 baths ∙ 3,271 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,271 Sqft ∙ Built 2018
![property image]()
LEASED 11/21/20- Rent
- Rent Per SQFT
- $3,195
- $0.98
-
710 Birdie Drive Allen, TX 5
- 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2017
![property image]()
LEASED 01/04/21- Rent
- Rent Per SQFT
- $3,200
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514398
Last Updated: 02/13/2021
