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

2124 Deerfield Drive Plano, TX 75023

4 Beds 4 Baths 2,922 sqft Built 1992

$460,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $157.43
  • 2 Days on Market
  • MLS # : 14466199
  • Updated Date : 11/06/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,922 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

UPGRADED HOME in central Plano with 3 CAR GARAGE, HEATED POOL and GATED DRIVEWAY. Spacious YARD with pool side Pergola for outdoor entertaining. Open Floorplan with hardwood flooring down. The kitchen is light and bright with upgraded appliances, double convection ovens, gas cooktop, breakfast bar and built in desk in the Breakfast room. Granite counters in the kitchen and spacious wet bar for entertaining. The master overlooks the pool down and the master bath is completely remodeled. STUNNING. Upstairs 2 bedrooms share a jack-n-jill bath and the 3rd bedroom has a private bath. 2020 POOL updates- coping, tile, pebble tech, heater, sun deck. Complete upgrade list is on line.

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: 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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,697
Property Tax -$783
Property Insurance -$196
Property Management Fees -$99
CASH FLOW
-$325

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.

$460,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.53%

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,403

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,3953$2,4004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 2124 Deerfield Drive Plano, TX 4
    • 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.84
    •  
  • 6513 Elkhurst Drive Plano, TX 1
    • 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 2
    • 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 3
    • 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
    •  
  • 2129 Argyle Drive Plano, TX 5
    • 4 beds 4 baths ∙ 2,880 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,880 Sqft ∙ Built 1992
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mary Anne Collins
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466199
Last Updated: 11/06/2020
BESbswy