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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $143.91
- 5 Days on Market
- MLS # : 14462212
- Updated Date : 10/31/2020 at 09:07
CONSTRUCTION
- Beds : 5
- Floor Size : 3,127 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
~Timeless Treasure~ Discover warmth, character & charm in this truly special home perched on a ¼ acre lot w pool & spa! Delightful drive-up to lovely landscaping, winding pebble walk-up to towering 2-story entry. Great floors, c-moldings & thoughtful style & grace abound! Bay windows, 2 f-places, gas range, Brkfst Bar, granite & quartz tops, 42” cbnts w c-molding, dble ovens, SS applcs, tub, sep shower, dual sinks & closets, Flex Rm (5th BR or Game RM or Office), O-sized Utility w sink, covered patio, pool & spa! 2 side yards w extended fronts, BOB fence w brick pillars & MORE! Walk to Bethany Elementary & minutes to 121, 75, DNT, & 1st class shopping, restaurants & entertainment! Stop Looking & Start Packing!!
SEE MORE
- . 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: Hunters Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunters Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$766 | |
| Property Insurance | -$208 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$247
|
||
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.
$450,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
2.25
YEARS SAVED
$8,573
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,697
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2429 Trophy Drive Plano, TX 2
- 5 beds 4 baths ∙ 3,127 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,127 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,490
- $0.80
-
3100 Spring Grove Drive Plano, TX 1
- 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1998
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.79
-
1924 Brabant Drive Plano, TX 3
- 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,700
- $0.87
-
7509 Avalon Drive Plano, TX 4
- 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1993
LEASED 05/16/20- Rent
- Rent Per SQFT
- $2,795
- $0.92
-
7321 Avalon Drive Plano, TX 5
- 4 beds 3 baths ∙ 3,238 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,238 Sqft ∙ Built 1996
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,820
- $0.87
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462212
Last Updated: 10/31/2020
