Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3009 Saint Regas Drive Plano, TX 75093

4 Beds 4 Baths 4,286 sqft Built 1994

$589,900

List Price

$3,720

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $137.63
  • 3 Days on Market
  • MLS # : 14490433
  • Updated Date : 01/15/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,286 sqft
  • Baths : 3 full , 1 half
Listing Agent

York & York, Inc.

Listing Agent's Description

Beautiful traditional home in great location awaits buyers desiring a home with great floor plan. Beautiful hand scraped wood floors. Upstairs baths and master bath have fresh updating. For outside fun there is a sparkling pool with spa and small sport court. New carpet. Garage with cabinets and floored attic storage above. Many improvements in 2017 including roof, exterior paint and pool tile. AC downstairs replaced in 2019, upstairs in 2015. Listing agent is related to seller. Buyers and buyer's agent to verify all information pertinent to the purchase of this home to include square footage, schools, appliances and anything buyer deems important.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Highlands of Preston Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k789k

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

Neighborhood: Highlands of Preston Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Hightower Elementary School Primary Regular 549 39 9
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Hightower Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 39
9
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$2,049
Property Tax -$1,004
Property Insurance -$275
HOA -$38
Property Management Fees -$99
CASH FLOW
$256

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.

$589,900

PROJECTED PRICE

$3,720

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$48,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,720

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $4,404

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,720
1$3,7202$3,9753$4,2004$4,4005$4,800
$4,800
RENT COMPS ANALYSIS
  • 3009 Saint Regas Drive Plano, TX 1
    • 5 beds 4 baths ∙ 4,286 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,286 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,720
    • $0.87
    •  
  • 4716 Eva Place Plano, TX 2
    • 4 beds 4 baths ∙ 4,037 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,037 Sqft ∙ Built 2006
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $0.98
    •  
  • 4204 Lorimar Drive Plano, TX 3
    • 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 1997 5 beds 4 baths ∙ 4,004 Sqft ∙ Built 1997
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.05
    •  
  • 3224 Silver Creek Drive Plano, TX 4
    • 4 beds 3 baths ∙ 4,245 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,245 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.04
    •  
  • 2716 Broken Bow Circle Plano, TX 5
    • 5 beds 5 baths ∙ 4,601 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,601 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Greg York
York & York, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490433
Last Updated: 01/15/2021
BESbswy