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2724 Zoeller Drive Plano, TX 75025

3 Beds 2 Baths 2,268 sqft Built 1998

$350,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $154.32
  • 5 Days on Market
  • MLS # : 14471508
  • Updated Date : 11/20/2020 at 12:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,268 sqft
  • Baths : 2 full
Listing Agent

Acquisto Real Estate

Listing Agent's Description

OFFER DEADLINE - Sat. Nov. 21st at 5 pm. North facing gorgeous home in popular Ridgeview Ranch on huge .27 acre lot w 3 car garage. Combined living & dining rm. Chef's Kitchen features travertine tile countertops, gas cooktop, wine frig, huge island w seating & great breakfast area. Beautiful Family Rm w cozy fireplace, plenty of windows w views to back. Master w remodeled BA featuring oversized tub, rain showerhead, seamless glass & designer tile. 2 bedrooms w ample closet space. Office w closet has extra desk area perfect for kids. Backyard is excellent for entertaining w oversized covered patio, plenty of yard & extra storage area in back PLUS it's surrounded by BOB privacy fence. So many extras to list!

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: 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,291
Property Tax -$599
Property Insurance -$158
HOA -$42
Property Management Fees -$99
CASH FLOW
-$170

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.

$350,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.58%

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$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,817

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
  • $2,143

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0204$2,0505$2,200
$2,200
RENT COMPS ANALYSIS
  • 2724 Zoeller Drive Plano, TX 3
    • 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,268 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.89
    •  
  • 2504 Cimmaron Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1997
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 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
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 #: 14471508
Last Updated: 11/20/2020
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