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2033 Hawken Drive Plano, TX 75023

4 Beds 2 Baths 2,040 sqft Built 1994

$325,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $159.31
  • 2 Days on Market
  • MLS # : 14491749
  • Updated Date : 02/13/2021 at 10:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,040 sqft
  • Baths : 2 full
Listing Agent

Market Experts Realty

Listing Agent's Description

Spacious West Plano 4-2 with a great layout ready for you to update and make your own! The common areas have an inviting feel thanks to their soaring ceilings, open layout and an abundance of natural light. The open kitchen features plenty of counter and storage space, making it extremely functional. Stainless steel appliances have already been installed, saving you thousands of dollars during a remodel. Huge master suite features dual vanities, a garden tub and a walk-in shower. The backyard has a pair of covered seating areas from which to enjoy the pool, plus a tall fence for privacy with a automatic gate. The home backs a park and soccer fields, giving you a conveniently located area for outdoor activities.

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: Hunters Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Hunters Ridge

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
Thomas Elementary School Primary Regular 617 53 3
Carpenter Middle School Middle Regular 722 58 5
Plano Senior High School High Regular 2,766 155 9

Thomas Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 53
3
GreatSchools Rating

Carpenter Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 58
5
GreatSchools Rating

Plano Senior High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,129
Property Tax -$553
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
$74

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.

$325,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0004$2,0955$2,195
$2,195
RENT COMPS ANALYSIS
  • 2033 Hawken Drive Plano, TX 3
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 2056 Hawken Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1990
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 2044 Hawken Drive Plano, TX 2
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1991
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 6813 Carrington Drive Plano, TX 4
    • 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 1990
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
  • 2001 Mossberg Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1989
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
PROPERTY LISTING DETAILS
Todd Tramonte
Market Experts Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491749
Last Updated: 02/13/2021
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