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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Imperial Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
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
-
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
Summit, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490693
Last Updated: 12/26/2020
