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

1304 Todd Drive Plano, TX 75023

4 Beds 3 Baths 1,920 sqft Built 1986

$289,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $150.99
  • 5 Days on Market
  • MLS # : 14473016
  • Updated Date : 11/18/2020 at 14:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautifully updated home nestled on a corner lot in Russell Creek. Once inside you'll fall in love with the attention to detail that's sure to impress. Prepare meals in the stunning kitchen with updates that include Quartz counter-tops, Frigidaire ss range and microwave, gas ck-top and decorative tile back-splash. Open concept floor plan is perfect for entertaining a crowd with sight-lines to the spacious living room. The owner's suite is conveniently located on the first floor with a relaxing en suite bath. Upstairs you'll find a breathtaking guest bath that's been updated with dual sinks and marble counter-tops. Additional features include solar screens on all windows, radiant barrier, Ring Doorbell and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Creekdale

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Creekdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10402224

* 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,070
Property Tax -$493
Property Insurance -$138
HOA -$32
Property Management Fees -$99
CASH FLOW
-$112

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.

$289,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,7954$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 1304 Todd Drive Plano, TX 1
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.90
    •  
  • 1336 Sheila Drive Plano, TX 2
    • 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 1987
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 6805 Hickory Creek Plano, TX 3
    • 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1992
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 6718 Scarlet Drive Plano, TX 4
    • 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1991
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 6726 Scarlet Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1986
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Beth Applegate
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473016
Last Updated: 11/18/2020
BESbswy