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2613 Stoneleigh Circle Richardson, TX 75080

3 Beds 3 Baths 3,110 sqft Built 2014

$629,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $202.25
  • 6 Days on Market
  • MLS # : 14494421
  • Updated Date : 01/09/2021 at 10:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Park Avenue Capital Realty

Listing Agent's Description

WONDERFUL HOME IN GATED II CREEKS. DIRECTLY ACROSS THE STREET FROM CANYON CREEK COUNTRY CLUB. WALK TO RESTAURANTS AND SHOPPING. LOW MAINTENANCE WITH NO GRASS TO MOW. ARTIFICIAL TURF IN REAR YARD. LOTS OF WOOD FLOORS. GRANITE TOPS. HUGE MASTER BEDROOM WITH SITTING AREA. MEDIA ROOM. SINK IN LARGE UTILITY ROOM ALSO ACCESSABLE THRU MASTER CLOSET. PLANTATION SHUTTERS ON WINDOWS. A MUST TO SHOW AND SELL. AGENT IS RELATED TO SELLER

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Canyon Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k467k

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

Neighborhood: Canyon Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262391

* 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
Aldridge Elementary School Primary Regular 508 35 7
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Aldridge Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
7
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 62
6
GreatSchools Rating

Plano Senior High School

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

$566,100$691,900$629,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,185
Property Tax -$1,163
Property Insurance -$207
HOA -$233
Property Management Fees -$99
CASH FLOW
-$1,097

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.

$629,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$28

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,790

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,444

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,790
1$2,7902$3,2003$3,3004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 2613 Stoneleigh Circle Richardson, TX 1
    • 3 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014 3 beds 3 baths ∙ 3,110 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $0.90
    •  
  • 8236 Agarito Way Dallas, TX 2
    • 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2019
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.11
    •  
  • 17306 Yellow Bells Drive Dallas, TX 3
    • 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,111 Sqft ∙ Built 2019
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.06
    •  
  • 17722 Bottlebrush Drive Dallas, TX 4
    • 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2019
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.13
    •  
  • 17746 Bottlebrush Drive Dallas, TX 5
    • 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2019
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.13
    •  
PROPERTY LISTING DETAILS
David Dellinger
Park Avenue Capital Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494421
Last Updated: 01/09/2021
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