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2512 Micarta Drive Plano, TX 75025

3 Beds 2 Baths 1,900 sqft Built 1987

$360,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $189.47
  • 5 Days on Market
  • MLS # : 14519173
  • Updated Date : 02/20/2021 at 17:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Total updates! Brand new bathrooms with rain shower systems. Both bath and kitchen have quartz counter. New carpet. Fresh paint through out including doors. Brand new 2 inch cordless faux blinds. Light and bright family room with rolls of windows open to kitchen. Double oven. Gas line under the cook top. Master bath has stand alone tub, double vanities, framless shower, new flooring. Walk-in closet. All rooms have new ceiling fans. Hardwood floors in the formal areas with fireplace. Quiet neighborhood centrally located in Plano, minutes from 75, 121. Preston Rd, Frisco, McKinney and Allen. Easy access to shops, parks, community centers, gyms, churches.... Excellent schools. Window blinds shall be completed.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,250
Property Tax -$613
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$179

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.

$360,000

PROJECTED PRICE

$1,920

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9203$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 2512 Micarta Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.01
    •  
  • 2517 Micarta Drive Plano, TX 1
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 1987
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 2224 Compton Drive Plano, TX 3
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1993
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 2309 Sky Harbor Drive Plano, TX 4
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1993
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
  • 2501 Micarta Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1987
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Wennie Mcanally
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519173
Last Updated: 02/20/2021
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