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

1432 Greenfield Drive Plano, TX 75025

4 Beds 4 Baths 3,674 sqft Built 1990

$435,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $118.40
  • 4 Days on Market
  • MLS # : 14480045
  • Updated Date : 12/19/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,674 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Amazing care has been taken of this one owner home that sits across the street from Hobitzelle Park. 4 beds, 3.1 baths w fresh paint & new carpet. 2-story foyer w formal living & dining upon entry, leads into a spacious main living area w vaulted ceiling & fireplace, along w kitchen & nook. Kitchen ft. granite counters, island w cooktop, SS appliances, ample counter & cabinet space. Private master w en suite bath: dual vanities, garden tub, sep. shower, his&hers walk in closets. Powder bath down as well. Upstairs offers 3 add’l beds w walk in closets, 2 baths, large flex space for game or media room - w its own closet. Walking distance to elem. & middle schools. In the heart of Plano w quick access to highways.

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: 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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,605
Property Tax -$740
Property Insurance -$239
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.

$435,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.59%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,691

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,5004$2,5805$2,850
$2,850
RENT COMPS ANALYSIS
  • 1432 Greenfield Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,674 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,674 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.70
    •  
  • 732 Forest Bend Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 1993
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.73
    •  
  • 2305 Eldger Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,431 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,431 Sqft ∙ Built 1995
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 6744 Burr Oak Drive Plano, TX 3
    • 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,464 Sqft ∙ Built 1993
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
  • 8100 Davidson Drive Plano, TX 5
    • 5 beds 4 baths ∙ 3,785 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,785 Sqft ∙ Built 1999
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.75
    •  
PROPERTY LISTING DETAILS
Denton Aguam
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480045
Last Updated: 12/19/2020
BESbswy