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

2033 Belgium Drive Plano, TX 75025

4 Beds 3 Baths 2,592 sqft Built 1984

INVESTimate

$428,000

List Price

$2,350

$2,115 - $2,585

Rent Est.

$459,116  ( +7.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $165.12
  • 6 Days on Market
  • MLS # : 14417747
  • Updated Date : 08/25/2020 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,592 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautifully updated single story home situated in a quiet Plano community. Once inside you'll notice the attention to detail that's sure to impress. An inviting living room welcomes you home with a charming brick fireplace with shiplap accent, built-in cabinets and coffered ceilings. This classically styled kitchen is equipped with granite counter-tops and freshly painted cabinets. French doors lead into a 2nd living area with wet bar and amazing outdoor views. Stunning owner's suite features 3 closets and updated bath with granite counter-tops, his & her sinks and a spa-like walk-in shower with dual shower heads. Enjoy the private backyard with a sparkling heated pool, covered patio and dog run. Welcome 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: Oakwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k414k

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

Neighborhood: Oakwood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262509

* 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
 

$385,200$470,800$428,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,579
Property Tax -$740
Property Insurance -$177
Property Management Fees -$99
CASH FLOW
-$245

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.

$428,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.27%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,170

INVESTMENT

$119,170

Down Payment
$107,000
Rehab Estimate
$5,750
Closing Costs
$6,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,000
Loan Amount $321,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,391

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3004$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 2033 Belgium Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.91
    •  
  • 2116 Usa Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1996
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 7508 Crested Butte Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 1988
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 2201 Compton Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 1996
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 2041 Usa Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1992
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jennifer Carlman-leising
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417747
Last Updated: 08/25/2020
BESbswy