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1221 Glyndon Drive Plano, TX 75023

4 Beds 2 Baths 2,269 sqft Built 1982

$339,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $149.80
  • 2 Days on Market
  • MLS # : 14490693
  • Updated Date : 12/26/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,269 sqft
  • Baths : 2 full
Listing Agent

Summit, Realtors

Listing Agent's Description

Beautiful 4 bedrooms 2 bath in a great location with great schools. This home is completely remodeled. Everything is new in the house including, new windows, new floors, new kitchen, new bathrooms, new lighting fixtures, new paint, new carpet and much much more. Freshly remodeled balcony on the second floor overlooking the back yard. Do not miss out on this move in ready home. Located in a quit well established neighborhood with great school and it’s just minutes from US-75, major shopping centers and restaurants. Buyer's agent and buyer to verify schools and measurements.

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: Imperial Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Imperial Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10162224

* 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
Thomas Elementary School Primary Regular 617 53 3
Carpenter Middle School Middle Regular 722 58 5
Plano Senior High School High Regular 2,766 155 9

Thomas Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 53
3
GreatSchools Rating

Carpenter Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 58
5
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,254
Property Tax -$578
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
-$200

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$339,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8253$1,8904$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 1221 Glyndon Drive Plano, TX 3
    • 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.83
    •  
  • 1301 Berkeley Court Plano, TX 1
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 1991
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 6409 Fort Scott Court Plano, TX 2
    • 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1978
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 6516 Chalk Court Plano, TX 4
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1978
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 6768 Burr Oak Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1993
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
PROPERTY LISTING DETAILS
Bilal Omar
Summit, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490693
Last Updated: 12/26/2020
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