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2201 Winona Drive Plano, TX 75074

3 Beds 2 Baths 1,526 sqft Built 1985

$315,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $206.42
  • 5 Days on Market
  • MLS # : 14469641
  • Updated Date : 11/11/2020 at 12:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,526 sqft
  • Baths : 2 full
Listing Agent

Stride Real Estate, Llc

Listing Agent's Description

Cute single-story brick home with 3 beds, 2 baths with attached garage for two cars in a key location of PLANO in good condition. Good size front and back yards. Wood fence. No HOA. Quite a community. Easy access to all major highways. Hardwood floors throughout. Bathrooms and kitchen with tiles as appropriate. Good size living room. Nice fireplace with brick. Great schools. Suitable for small families. More Photos will be added ASAP.

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: Santa Fe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Santa Fe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10182224

* 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
Barron Elementary School Primary Regular 474 46 5
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Barron Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 46
5
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,162
Property Tax -$536
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$233

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,675

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6803$1,7004$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 2201 Winona Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,526 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.10
    •  
  • 2509 Majestic Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1984
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 1708 E Parker Road Plano, TX 3
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
  • 1700 E Parker Road Plano, TX 4
    • 3 beds 3 baths ∙ 1,613 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,613 Sqft ∙ Built 2003
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 2420 Winona Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1983
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
PROPERTY LISTING DETAILS
Puthenpurack Mathew
Stride Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469641
Last Updated: 11/11/2020
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