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2101 Glendale Drive Plano, TX 75023

5 Beds 4 Baths 4,504 sqft Built 1996

$649,900

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $144.29
  • 3 Days on Market
  • MLS # : 14511629
  • Updated Date : 02/06/2021 at 09:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,504 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Stunning home stylishly updated, soaring ceilings, draped in natural light & ideal floor plan on oversized lot. Diving, salt wtr pool too! Take entertaining outside to the inviting screened in porch or balcony & deck off gm rm upstairs. Combo formals with wall of windows, 5th BR down makes great study with built ins & closet. Expansive fam rm with corner, stone FP; wet bar; open to dream ktchn with island, dbl ovens, brk bar, freshly painted cabinets, WI pantry, BI hutch. Exquisite mstr suite dwn. 3 BR, 2 lv areas & media up. Extensive wd flooring, RV hk up, recent interior paint, gutters, roof, 2 HVACs, 2 wtr htrs, pool equip. & resurface, lighting, custom closets, deck & more. Prime location in heart of Plano

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunter's Glen Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Hunter's Glen Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262781

* 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
Hughston Elementary School Primary Regular 381 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Hughston Elementary School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 30
7
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

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

$584,910$714,890$649,900

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,257
Property Tax -$1,106
Property Insurance -$287
Property Management Fees -$99
CASH FLOW
-$510

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.

$649,900

PROJECTED PRICE

$3,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,108

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$3,2403$3,300
$3,300
RENT COMPS ANALYSIS
  • 2101 Glendale Drive Plano, TX 2
    • 5 beds 4 baths ∙ 4,504 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,504 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.72
    •  
  • 3508 Sandy Trail Lane Plano, TX 1
    • 4 beds 4 baths ∙ 4,286 Sqft ∙ Built 1990 4 beds 4 baths ∙ 4,286 Sqft ∙ Built 1990
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.61
    •  
  • 3405 Swanson Drive Plano, TX 3
    • 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.77
    •  
PROPERTY LISTING DETAILS
Rhonda Childress
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511629
Last Updated: 02/06/2021
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