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2001 Winona Drive Plano, TX 75074

4 Beds 3 Baths 2,044 sqft Built 1984

$314,500

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $153.86
  • 3 Days on Market
  • MLS # : 14482694
  • Updated Date : 01/16/2021 at 09:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,044 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier

Listing Agent's Description

Tastefully Updated and Impeccably Maintained Plano Gem! Desirable One Story Home. Manicured corner lot. Solar Power Panels installed 2017. Warm and inviting home in popular Santa Fe Estates. Numerous improvements and updates over the years. Kitchen has induction range and tons of cabinets, drawers and counter space. Four bedrooms, three full baths, two living areas, two dining areas, two car garage. Fireplace with Gas Logs. Crown Molding. Ceiling Fans. Wet Bar. Smart Thermostat. Partially covered patio. Large Backyard. Board on Board Cedar Fence with Steel Posts.

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: Santa Fe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Santa Fe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10182224

* 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
Barron Elementary School Primary Regular 474 46 5
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Barron Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 46
5
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$283,050$345,950$314,500

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,092
Property Tax -$535
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
$78

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.

$314,500

PROJECTED PRICE

$1,950

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,093

INVESTMENT

$89,093

Down Payment
$78,625
Rehab Estimate
$5,750
Closing Costs
$4,718

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,092

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,625
Loan Amount $235,875
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$21,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8504$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 2001 Winona Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 3005 Laurel Lane Plano, TX 1
    • 5 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978 5 beds 2 baths ∙ 1,862 Sqft ∙ Built 1978
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2409 Laurel Lane Plano, TX 2
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 1978
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 2916 Duchess Trail Plano, TX 3
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1978
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 3213 Osceola Drive Plano, TX 4
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1985
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
PROPERTY LISTING DETAILS
Marilyn Agoos
Re/max Premier
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482694
Last Updated: 01/16/2021
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