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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $189.61
- 1 Days on Market
- MLS # : 14481902
- Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,415 sqft
- Baths : 2 full , 1 half
Listing Agent
Texas Intownhomes, Ltd.
Listing Agent's Description
ROOF-TOP DECK, MASTER BALCONY, COVERED BACK PATIO, BACK YARD. Last home in 'The Cutest Little Neighborhood Ever' 3 blocks from one of the 4 best Downtowns in America, Downtown PLANO ARTS DISTRICT. Haggard Park with Family Movie Nights, Date Nights with food trucks, monthly ART & WINE WALK, Zalat Pizza, McCall Plaza, Fillmore Pub and famous Lockhart Bar-B-Q close by. Huge windows for an open bright living space, Bosch HGTV kitchen, 12 ft ceilings, Master suite with huge WIC, 2 bench seats in glassed-in Master with marble walls and floors. Built with forward thinking energy-saving construction with ECO-HIP branded features, 2x6 sidewalls, radiant barrier, 16+ SEER, tankless and more for low low utility bills.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75074
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75074
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,689 |
| Property Tax | -$779 | |
| Property Insurance | -$167 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$629
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$457,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.5% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| 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
$123,344
LOAN DETAILS
$1,689
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,475 |
| Loan Amount | $343,425 |
0.17
YEARS SAVED
$85
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,862
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
1728 Millsap Lane Plano, TX 1
- 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,415 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,180
- $0.90
-
720 18th Street Plano, TX 2
- 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2016
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,799
- $1.24
-
1725 G Avenue Plano, TX 3
- 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,469 Sqft ∙ Built 2017
LEASED 12/02/19- Rent
- Rent Per SQFT
- $2,800
- $1.13
PROPERTY LISTING DETAILS
Texas Intownhomes, Ltd.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481902
Last Updated: 12/05/2020
