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1412 Greenfield Drive Plano, TX 75025

4 Beds 3 Baths 2,946 sqft Built 1990

$400,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $135.78
  • 3 Days on Market
  • MLS # : 14504831
  • Updated Date : 01/23/2021 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,946 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Allen-fairview

Listing Agent's Description

You will be perfectly prepared for upcoming warmer weather in this Plano home with a pool & spa!! Entertain to your heart's content downstairs with multiple living & dining spaces or in the kitchen with recent appliances & fantastic storage (pull out shelves in cabinets & pantries). Then retire upstairs to the luxurious primary suite's oversized jetted tub & double shower! Additional bedrooms up could easily function as game or craft rooms or home offices. Don't miss the indoor temperature-controlled room complete with power & plumbing in the garage. Backyard has tons of patio space & a fenced side yard plus an automatic gate across the driveway. Fantastic location across from trees & close to trails!

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: West Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k371k

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

Neighborhood: West Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262245

* 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
Hedgcoxe Elementary School Primary Regular 410 32 9
Hendrick Middle School Middle Regular 800 51 7
Plano Senior High School High Regular 2,766 155 9

Hedgcoxe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 32
9
GreatSchools Rating

Hendrick Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 51
7
GreatSchools Rating

Plano Senior High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,389
Property Tax -$681
Property Insurance -$197
Property Management Fees -$99
CASH FLOW
$104

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.

$400,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$27,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,600

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,5503$2,6504$2,7005$2,795
$2,795
RENT COMPS ANALYSIS
  • 1412 Greenfield Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.84
    •  
  • 7609 Trevino Drive Plano, TX 2
    • 5 beds 3 baths ∙ 3,016 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,016 Sqft ∙ Built 1998
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
  • 1405 Newbury Lane Plano, TX 3
    • 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
  • 1924 Brabant Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 1905 Smith Drive Plano, TX 5
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1990
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.91
    •  
PROPERTY LISTING DETAILS
Leah Goldstein
Ebby Halliday, Allen-fairview
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504831
Last Updated: 01/23/2021
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