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1529 Huron Trail Plano, TX 75075

4 Beds 3 Baths 2,409 sqft Built 1985

$421,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $174.76
  • 2 Days on Market
  • MLS # : 14501189
  • Updated Date : 01/16/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,409 sqft
  • Baths : 3 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Your perfect place of happiness has arrived! Gorgeous corner lot, kitchen has double ovens, granite, pot pan drawers, pull out cutting board, 5 burner gas stove. This spectacularly maintained home has 4 bed, 3 full baths. Owners suite is vaulted, bath has extended shower, separate vanities, walk in closet. Family rm and formal living or flex space have high ceilings and beautiful wainscotting share a see thru fireplace. Oversized laundry room has wash basin and cabinets for ample storage. Guest bedroom with full bath tucked in just off kitchen and family room.Outdoor oasis, heated pool,spa, Cedar covered patio, covered grill area at gated garden. 2 Car garage with 2 car carport over driveway. Beautiful home!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pitman Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Pitman Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Sigler Elementary School Primary Regular 452 43 5
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Sigler Elementary School

  • Education Level: Primary
  • # of students: 452
  • # of teachers: 43
5
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 62
6
GreatSchools Rating

Plano Senior High School

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

$378,900$463,100$421,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,462
Property Tax -$716
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
-$214

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.

$421,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$117,315

INVESTMENT

$117,315

Down Payment
$105,250
Rehab Estimate
$5,750
Closing Costs
$6,315

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,462

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,250
Loan Amount $315,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,180

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1504$2,2305$2,250
$2,250
RENT COMPS ANALYSIS
  • 1529 Huron Trail Plano, TX 4
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.93
    •  
  • 1409 Geneva Lane Plano, TX 1
    • 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1983
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 1436 Baffin Bay Drive Plano, TX 2
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1981
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 1424 Faringdon Drive Plano, TX 3
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 1996
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 1517 Aylesbury Lane Plano, TX 5
    • 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 1983
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
Connie Cox
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501189
Last Updated: 01/16/2021
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