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2700 Zoeller Drive 
Plano, TX
75025
4 Beds 2 Baths 2,268 sqft
Built 2000
INVESTimate
$349,000
List Price
$98,235
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $153.88
- 3 Days on Market
- MLS # : 14420118
- Updated Date : 08/25/2020 at 19:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,268 sqft
- Baths : 2 full
Listing Agent
Dfw 1 Realty, Inc.
Listing Agent's Description
Immaculate House at hard to find location . This 4 bedroom fully upgraded House is in perfect shape at best location.Long list of upgrades Including Granite counter top, new upgraded whirlpool appliances with matching Refrigerator, great condition laminate flooring throughout the house, fresh designer paint in and out, high-end light fixtures and fans in all the rooms, upgraded bronze door handles, plantation shutters in living room.Window coverings throughout, Storm door with screen, Solar screens throughout, Brand new Electric Sliding door with new 8 foot board on board fence for maximum privacy, matured fruit trees and much more
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: Ridgeview Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridgeview Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$594 | |
| Property Insurance | -$158 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$161
|
||
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.
$349,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.46% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
2.5
YEARS SAVED
$8,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,115
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2700 Zoeller Drive Plano, TX 3
- 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,268 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,020
- $0.89
-
2520 Brycewood Lane Plano, TX 1
- 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 1997
![property image]()
LEASED 10/12/19- Rent
- Rent Per SQFT
- $1,850
- $0.89
-
8905 Somerville Way Plano, TX 2
- 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1998
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,995
- $0.96
-
9013 Wornsaddle Lane Plano, TX 4
- 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1996
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,050
- $0.96
-
8813 Smokey Drive Plano, TX 5
- 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1993
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.92
PROPERTY LISTING DETAILS
Dfw 1 Realty, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420118
Last Updated: 08/25/2020
