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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $134.64
- 1 Days on Market
- MLS # : 14478214
- Updated Date : 11/28/2020 at 22:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,193 sqft
- Baths : 2 full , 1 half
Listing Agent
Dfw Home
Listing Agent's Description
Great West Plano Schools. Beautiful well maintained 5-bed house from the first owner! One bed downstairs with French door can be used as study. $20K plus new upgrades. NEW hardwood flooring throughout the first floor, NEW carpet on the second floor, NEW luxury shower in the master bathroom, NEW kitchen cooktop, Upgraded granite countertop, Two water heaters installed 2019, NEW light fixtures, fresh NEW paints. 8 Ft board-on-board fence. Community next to Russell creek park with trails, lake, and play ground. Easy access to highway 121 and 75.
SEE MORE
- 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: Knolls at Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Knolls at Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,586 |
| Property Tax | -$731 | |
| Property Insurance | -$212 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$349
|
||
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.
$429,900
PROJECTED PRICE
$2,320
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,674
LOAN DETAILS
$1,586
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,475 |
| Loan Amount | $322,425 |
1.25
YEARS SAVED
$2,966
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,491
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
2209 Senna Hills Lane Plano, TX 1
- 5 beds 3 baths ∙ 3,193 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,193 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $0.73
-
2413 Hunters Run Drive Plano, TX 2
- 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,135 Sqft ∙ Built 1999
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,450
- $0.78
-
2313 Senna Hills Lane Plano, TX 3
- 4 beds 4 baths ∙ 3,278 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,278 Sqft ∙ Built 2000
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,450
- $0.75
-
2304 Windy Ridge Court Plano, TX 4
- 5 beds 3 baths ∙ 3,193 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,193 Sqft ∙ Built 1999
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,495
- $0.78
-
2512 Cima Hill Drive Plano, TX 5
- 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1999
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
PROPERTY LISTING DETAILS
Dfw Home
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478214
Last Updated: 11/28/2020
