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1848 Bachman Court Plano, TX 75075

4 Beds 3 Baths 2,776 sqft Built 1992

$379,900

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $136.85
  • 4 Days on Market
  • MLS # : 14462863
  • Updated Date : 10/31/2020 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,776 sqft
  • Baths : 2 full , 1 half
Listing Agent

Valen Realty Llc

Listing Agent's Description

Completely remodeled home in sought after Amelia Court! This home offers 4 bedrooms, 2 living, 2 dining and a large game room. All new paint and floors throughout the home. Two new 3 ton Carrier units installed. New showers, granite countertops, plumbing and light fixtures throughout. Garage offers built in and overhead storage with industrial grade epoxy flooring. The backyard offers a brand new 6 foot cedar fence with concrete patio. This is a must see to appreciate! Buyer to verify all schools and measurements.

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: Amelia Court Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Amelia Court Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9692224

* 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
Weatherford Elementary School Primary Regular 484 42 5
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Weatherford Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 42
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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,402
Property Tax -$646
Property Insurance -$188
HOA -$25
Property Management Fees -$99
CASH FLOW
-$150

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$379,900

PROJECTED PRICE

$2,210

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2103$2,2954$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 1848 Bachman Court Plano, TX 2
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.80
    •  
  • 4117 Prospect Lane Plano, TX 1
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1981
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
  • 3820 Matterhorn Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1979
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
  • 4105 Prospect Lane Plano, TX 4
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1981
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 4112 Hideaway Lane Plano, TX 5
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1981
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Melissa Dorum
Valen Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462863
Last Updated: 10/31/2020
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