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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $166.29
- 2 Days on Market
- MLS # : 14475514
- Updated Date : 11/21/2020 at 08:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,646 sqft
- Baths : 3 full
Listing Agent
Keller Williams Central
Listing Agent's Description
WOW!!! Gorgeous 4-bdr home located in the highly sought-after Hunter Glen Estates on a beautiful treed lot with pool and spa, space to play & to entertain. This elegant home features an open split floor plan that allows for a large master bedroom suite, mother-in-law suite area, 2 living areas, 2 dinings & a double-sided fireplace. The updated kitchen has beautiful white cabinets, granite countertops, & double ovens. The Livingroom has a stunning view of the chandeliers, cover patio &, sparkling blue pool water. This home is located walking district of a park, close to shopping & highways. The energy efficiency features include 16 seer AC Radiant Barrier, solar screens & double windows panes. A must-see.
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: 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 | $2,230 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$749 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$421
|
||
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.
$440,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.51%
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
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
0.83
YEARS SAVED
$1,864
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,229
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2509 Nighthawk Drive Plano, TX 4
- 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,230
- $0.84
-
2508 Rothland Lane Plano, TX 1
- 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1983
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,150
- $0.77
-
2208 Chasefield Drive Plano, TX 2
- 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 1991
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,195
- $0.90
-
2704 Powderhorn Drive Plano, TX 3
- 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1986
LEASED 01/23/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
2508 Brown Deer Trail Plano, TX 5
- 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1982
LEASED 02/08/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475514
Last Updated: 11/21/2020
