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

2104 Woodburn Corner Plano, TX 75075

4 Beds 3 Baths 2,460 sqft Built 1983

$399,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $162.56
  • 5 Days on Market
  • MLS # : 14465438
  • Updated Date : 11/12/2020 at 16:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,460 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier

Listing Agent's Description

Ready for Move in! This home features nail down hardwood from the entry through formal dining, both living areas, a bedroom-study and bedroom hall ways. Both living area are enhanced with fireplace with gas logs. The family room with vaulted beam ceiling is open to the kook and kitchen. Each room of the home have custom shutters and upgraded windows. Master suite open to the back patio and a sea of plant and features hydro tub beveled glass closet doors. Guest bedrm bath. The back yard oasis has mosquitos misting system, pergola, covered patio and light system for all year around use. A separate yard off the dining room feature a spa for those privacy. Your home is also has cameras to help to see your visitors.

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: River Bend West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: River Bend West

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
Saigling Elementary School Primary Regular 368 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Saigling Elementary School

  • Education Level: Primary
  • # of students: 368
  • # 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,475
Property Tax -$680
Property Insurance -$169
Property Management Fees -$99
CASH FLOW
-$124

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.

$399,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,945

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0503$2,3004$2,3955$2,600
$2,600
RENT COMPS ANALYSIS
  • 2104 Woodburn Corner Plano, TX 3
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 3901 Promontory Point Plano, TX 1
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 1832 Bachman Court Plano, TX 2
    • 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1994
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.88
    •  
  • 3525 Appalachian Court Plano, TX 4
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
  • 2204 Woodburn Plano, TX 5
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1980
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Marlin Edwards
Re/max Premier
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465438
Last Updated: 11/12/2020
BESbswy