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2120 Cliffside Drive Plano, TX 75023

4 Beds 3 Baths 3,090 sqft Built 1992

$459,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $148.54
  • 5 Days on Market
  • MLS # : 14475318
  • Updated Date : 12/02/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,090 sqft
  • Baths : 3 full
Listing Agent

Richard Henri Duval

Listing Agent's Description

Very nice 4 bed three bath Darling built home in Hunters Glen Village. Master bed and guest suite with a full bathroom each on the first level. Enjoy the outdoors with a covered patio, pebble Tec heated pool and spa within a large backyard, or take a stroll on the Chisholm Trail path nearby. Ample room in the game room with bonus area for workout or tech area. Dining areas in the formal dining room or kitchen nook and kitchen features granite countertops with plenty of surface and cabinets and a walk in pantry. HVAC units and roof replaced between Nov-Dec 2016. Owner is a licensed real estate broker.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,694
Property Tax -$781
Property Insurance -$206
Property Management Fees -$99
CASH FLOW
-$299

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.

$459,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,287

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,441

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3903$2,3954$2,4005$2,480
$2,480
RENT COMPS ANALYSIS
  • 2120 Cliffside Drive Plano, TX 5
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.80
    •  
  • 6700 Timothy Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1982
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 6513 Elkhurst Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 1982
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.78
    •  
  • 2800 Loch Haven Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
  • 2309 Fountain Head Drive Plano, TX 4
    • 3 beds 3 baths ∙ 2,982 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,982 Sqft ∙ Built 1976
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Richard Duval
Richard Henri Duval
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475318
Last Updated: 12/02/2020
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