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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $170.88
- 5 Days on Market
- MLS # : 14486634
- Updated Date : 12/30/2020 at 09:36
CONSTRUCTION
- Beds : 5
- Floor Size : 3,681 sqft
- Baths : 4 full
Listing Agent
Phillips Realty Group & Assoc
Listing Agent's Description
GORGEOUS UPDATED POOL HOME IN WEST PLANO! This immaculate home features 5 Bedrooms, 4 Baths, 3 Living Areas, Formal Dining and Study. Downstairs features 3 bedrooms, 3 full baths, two living areas and a sizable formal dining. Upstairs features game room with built in cabinets, two additional bedrooms with Jack and Jill bathroom. Location is super convenient to award winning schools, parks, shopping and restaurants. The large open rooms, wood floors, custom cabinets, granite in kitchen, extensive storage and the very versatile floorplan makes this home extremely desirable. New updates include fresh paint, new stainless steel appliances, kitchen backsplash, cabinets and pool tile recently replaced. WILL NOT LAST
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Old Shepard Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Old Shepard Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,350 |
| EXPENSES | Loan Payment | -$2,321 |
| Property Tax | -$1,070 | |
| Property Insurance | -$240 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$422
|
||
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.
$629,000
PROJECTED PRICE
$3,350
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$172,435
LOAN DETAILS
$2,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,250 |
| Loan Amount | $471,750 |
1.58
YEARS SAVED
$7,757
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,350
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$3,304
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
1316 Shamrock Lane Plano, TX 4
- 5 beds 4 baths ∙ 3,681 Sqft ∙ Built 1983 5 beds 4 baths ∙ 3,681 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $3,350
- $0.91
-
18731 Mapletree Lane Dallas, TX 1
- 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $3,000
- $0.83
-
17906 Old Preston Court Dallas, TX 2
- 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $3,095
- $0.92
-
4417 Elmhurst Drive Plano, TX 3
- 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 1993
![property image]()
LEASED 07/05/19- Rent
- Rent Per SQFT
- $3,100
- $0.91
-
5628 Willow Wood Lane Dallas, TX 5
- 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $3,600
- $0.93
PROPERTY LISTING DETAILS
Phillips Realty Group & Assoc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486634
Last Updated: 12/30/2020
