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

1316 Shamrock Lane Plano, TX 75093

5 Beds 4 Baths 3,681 sqft Built 1983

$629,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k747k

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

Neighborhood: Old Shepard Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263346

* 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
Huffman Elementary School Primary Regular 514 36 3
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Huffman Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 36
3
GreatSchools Rating

Renner Middle School

  • Education Level: Middle
  • # of students: 1,263
  • # of teachers: 73
7
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

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
$3,000
1$3,0002$3,0953$3,1004$3,3505$3,600
$3,600
RENT COMPS ANALYSIS
  • 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
Stephanie Funk
Phillips Realty Group & Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486634
Last Updated: 12/30/2020
BESbswy