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2921 Shadywood Lane Plano, TX 75023

4 Beds 3 Baths 3,064 sqft Built 1991

$429,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $140.01
  • 2 Days on Market
  • MLS # : 14466479
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,064 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Beautiful 4 bedroom, 2.5 bath home with game room and study in the sought after community of Hunter’s Creek Estates! Gourmet Kitchen has been updated with granite countertops, subway backsplash and SS appliances and boasts a breakfast bar and island. Hardwood floors adorn this home that has been freshly painted and ready for move in. Enjoy entertaining around the diving pool and spa. Drive way can accommodate boat, RV or additional vehicles. Recent updates are: Roof 2018,Top of the line water purifier and softener system 2020, Water heater 2020, Master shower 2020, Fence 2018, Pool 2020.

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: Hunters Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k407k

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

Neighborhood: Hunters Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262826

* 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
Carlisle Elementary School Primary Regular 529 38 8
Schimelpfenig Middle School Middle Regular 957 53 9
Plano Senior High School High Regular 2,766 155 9

Carlisle Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 38
8
GreatSchools Rating

Schimelpfenig Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 53
9
GreatSchools Rating

Plano Senior High School

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

$386,100$471,900$429,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,583
Property Tax -$730
Property Insurance -$204
Property Management Fees -$99
CASH FLOW
-$266

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.

$429,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.55%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$6,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,421

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3504$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 2921 Shadywood Lane Plano, TX 3
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 2908 Bowie Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1988
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 6700 Timothy Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1982
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 2800 Loch Haven Drive Plano, TX 4
    • 3 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,961 Sqft ∙ Built 1979
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
  • 2305 Flanders Lane Plano, TX 5
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
PROPERTY LISTING DETAILS
Creed Boyer
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466479
Last Updated: 11/07/2020
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