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2224 Dampton Drive Plano, TX 75025

4 Beds 4 Baths 3,380 sqft Built 1995

$479,100

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $141.75
  • 2 Days on Market
  • MLS # : 14541898
  • Updated Date : 03/27/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,380 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Stunning 4 bedroom, 3.5 bath in Hunters Glen! Beautifully landscaped drive up to this impeccably cared for updated home. You will love the wood-type flooring, windows that boast natural light, and free-flowing living spaces with high ceilings. Entertain easily in the spacious living room that opens to the kitchen and features an inviting gas fireplace and recessed lighting. Kitchen features granite, ample white cabinetry, and a cozy breakfast nook with great views. Head upstairs to the private primary retreat with a bay window and spa-like bath that offers double vanities, an updated shower, and a huge walk-in closet. Enjoy the private patio and backyard. Great location near schools and parks.

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: Hunters Glen

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k373k

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

Neighborhood: Hunters Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262323

* 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
Bethany Elementary School Primary Regular 384 31 8
Schimelpfenig Middle School Middle Regular 957 53 9
Plano Senior High School High Regular 2,766 155 9

Bethany Elementary School

  • Education Level: Primary
  • # of students: 384
  • # of teachers: 31
8
GreatSchools Rating

Schimelpfenig Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 53
9
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$431,190$527,010$479,100

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,664
Property Tax -$815
Property Insurance -$226
Property Management Fees -$99
CASH FLOW
-$254

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.

$479,100

PROJECTED PRICE

$2,550

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$132,712

INVESTMENT

$132,712

Down Payment
$119,775
Rehab Estimate
$5,750
Closing Costs
$7,187

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,775
Loan Amount $359,325
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,830

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,811

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5503$2,7954$2,9505$3,000
$3,000
RENT COMPS ANALYSIS
  • 2224 Dampton Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,439 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,439 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.74
    •  
  • 1608 Endicott Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 1997
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
  • 7705 Case Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,376 Sqft ∙ Built 1991
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.83
    •  
  • 3416 Nickel Creek Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,607 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,607 Sqft ∙ Built 1997
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.82
    •  
  • 2116 Houlton Lane Plano, TX 5
    • 5 beds 5 baths ∙ 3,584 Sqft ∙ Built 1992 5 beds 5 baths ∙ 3,584 Sqft ∙ Built 1992
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541898
Last Updated: 03/27/2021
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