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2716 Zoeller Drive Plano, TX 75025

3 Beds 2 Baths 2,038 sqft Built 2000

$335,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $164.38
  • 4 Days on Market
  • MLS # : 14447041
  • Updated Date : 11/13/2020 at 14:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 2 full
Listing Agent

Acquisto Real Estate

Listing Agent's Description

BEST & FINAL OFFERS DUE SATURDAY, Nov. 14th at 9 pm. One Owner meticulously maintained house in popular Ridgeview Ranch is ready for you to call HOME. Updated Kitchen features granite countertops, ss appliances, gas cooktop, breakfast bar & great space for daily dining. Awesome Family Room w plenty of windows & cozy fireplace. Private Master w completely remodeled bathroom featuring seamless glass shower, beautiful tile & gorgeous free standing tub. Two bedrooms have ample space & walk-in closets. Upstairs is a second living area you can use as an office, game room or extra bedroom. This floor plan provides great versatility. Recently replaced back door, new insulated garage door & roof. Frisco ISD.

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: Ridgeview Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k394k

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

Neighborhood: Ridgeview Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262439

* 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
Naoma And M. Allen Anderson Elementary School Primary Regular 684 41 10
Billy Vandeventer Middle School Middle Unknown 1,034 69 NA
Liberty High School High Regular 2,039 137 9

Naoma And M. Allen Anderson Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 41
10
GreatSchools Rating

Billy Vandeventer Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 69
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,236
Property Tax -$570
Property Insurance -$145
HOA -$42
Property Management Fees -$99
CASH FLOW
-$192

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.

$335,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$5,936

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9504$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 2716 Zoeller Drive Plano, TX 2
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 9204 Norman Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 9105 Azinger Drive Plano, TX 3
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 9105 Norman Drive Plano, TX 4
    • 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 1998
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.02
    •  
  • 9013 Wornsaddle Lane Plano, TX 5
    • 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,137 Sqft ∙ Built 1996
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
PROPERTY LISTING DETAILS
Shana Acquisto
Acquisto Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14447041
Last Updated: 11/13/2020
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