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2614 Bunker Hill Circle Plano, TX 75075

3 Beds 2 Baths 2,184 sqft Built 1982

$359,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $164.38
  • 3 Days on Market
  • MLS # : 14516383
  • Updated Date : 02/13/2021 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,184 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors Mckinney

Listing Agent's Description

Pride of ownership abounds in this lovely West Plano home! It has been lovingly, well maintained & has several unique features including electric shades & a fireplace in the spacious master bedroom, electric curtains in the living room, a deck in the east-facing backyard, a carport for extra parking or storage, smart sprinkler controller & more. The master bath has been updated, windows have been replaced with low-e glass, the roof & gutters are 4 yrs old, & the HVAC was replaced in 2015. The ring doorbell & cameras stay as does the full-sized refrigerator. Ideally located in the heart of Plano near schools, restaurants, & a short distance from 75 & 190.

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: Bunker Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Bunker Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Davis Elementary School Primary Regular 489 36 5
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Davis Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 36
5
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

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

$323,100$394,900$359,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,247
Property Tax -$611
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
-$100

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.

$359,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,058

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9254$2,0105$2,300
$2,300
RENT COMPS ANALYSIS
  • 2614 Bunker Hill Circle Plano, TX 4
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.92
    •  
  • 2117 Germantown Court Plano, TX 1
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1978
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 2224 Parkhaven Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1976
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 2201 Parkhaven Drive Plano, TX 3
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 1978
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.96
    •  
  • 2516 Indian Hills Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1975
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
PROPERTY LISTING DETAILS
Cheryl Jones
Ebby Halliday, Realtors Mckinney
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516383
Last Updated: 02/13/2021
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