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2909 Graphic Place Plano, TX 75075

3 Beds 3 Baths 2,428 sqft Built 1980

$365,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $150.33
  • 2 Days on Market
  • MLS # : 14467458
  • Updated Date : 11/07/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,428 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

Wow, cute adorable home on an oversized lot in the heart of Plano. Enjoy the brand new wood floors that flow through the home. Enjoy two large living rooms so you can watch your favorite Netflix shows separately! You'll. love the updated kitchen with double ovens, stunning granite countertop and trendy white cabinets. The back yard is beautifully landscaped and relaxing to sit out in. Beautiful home, looking for beautiful owners.

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: River Bend

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: River Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10092224

* 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
Saigling Elementary School Primary Regular 368 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Saigling Elementary School

  • Education Level: Primary
  • # of students: 368
  • # of teachers: 30
7
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,347
Property Tax -$621
Property Insurance -$168
Property Management Fees -$99
CASH FLOW
-$184

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.

$365,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0504$2,0505$2,395
$2,395
RENT COMPS ANALYSIS
  • 2909 Graphic Place Plano, TX 4
    • 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 3912 Promontory Point Plano, TX 1
    • 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 1979
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 2708 Wickham Court Plano, TX 2
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1992
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 3901 Promontory Point Plano, TX 3
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 3525 Appalachian Court Plano, TX 5
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
PROPERTY LISTING DETAILS
Mike Farish
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467458
Last Updated: 11/07/2020
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