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2313 Early Morn Court Plano, TX 75093

4 Beds 2 Baths 1,805 sqft Built 1980

$323,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $179.45
  • 2 Days on Market
  • MLS # : 14465030
  • Updated Date : 11/07/2020 at 11:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,805 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

This move in ready home sits on a corner lot and cul-de-sac with beautiful trees. The large family room features a skylight, vaulted ceiling and fireplace. The kitchen has been updated with granite and backsplash. The backyard includes a stamped concrete patio and playset & sandbox built around a shade tree. Located in the Plano ISD and Plano West Senior High school. Near shopping, dining and hospitals. Easy access to the George Bush Turnpike between the Dallas North Tollway and 75 N. Central Expressway. Buyer to verify all information for accuracy including room measurements, lot sizes, schools, taxes, amenities, HOA, etc.

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: Shadow Run

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Shadow Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Hightower Elementary School Primary Regular 549 39 9
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Hightower Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 39
9
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$291,510$356,290$323,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,195
Property Tax -$551
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$127

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.

$323,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,584

INVESTMENT

$91,584

Down Payment
$80,975
Rehab Estimate
$5,750
Closing Costs
$4,859

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,975
Loan Amount $242,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 2313 Early Morn Court Plano, TX 3
    • 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,805 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 4116 Midnight Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 1979
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 4116 Lantern Light Drive Plano, TX 2
    • 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,981 Sqft ∙ Built 1979
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 4209 Twilight Trail Plano, TX 4
    • 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,887 Sqft ∙ Built 1979
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.00
    •  
  • 2717 Donnington Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Deborah Newsome
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465030
Last Updated: 11/07/2020
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