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301 Sycamore Drive Murphy, TX 75094

5 Beds 4 Baths 3,956 sqft Built 1996

$415,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $104.90
  • 3 Days on Market
  • MLS # : 14523250
  • Updated Date : 02/26/2021 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,956 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dhl Realty Group, Llc

Listing Agent's Description

Spacious home with 5 bedrooms 3.1 baths plus Study with Pool and Spa. PLANO ISD. Great entrance invites you to inside with high ceilings formal living room and nice size dining room. Large size kitchen with granite countertops, stainless steel appliances and island. Breakfast nook is looking to family room with fireplace and pool area. Study off the family room with double French doors.Master bedroom downstairs.Master bathroom offers huge shower,nice cabinets,walking closet.Large size upstairs bedrooms and game room.Backyard offers Pool,Spa,Open Patio.Corner Lot with extra driveway. GREAT LOCATION! Close to Shoppings and Park.

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: The Timbers

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k394k

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

Neighborhood: The Timbers

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262392

* 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
Miller Elementary School Primary Regular 427 31 8
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Miller Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 31
8
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,441
Property Tax -$735
Property Insurance -$256
Property Management Fees -$99
CASH FLOW
$18

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.

$415,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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$15k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,542

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5503$2,5504$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 301 Sycamore Drive Murphy, TX 3
    • 5 beds 4 baths ∙ 3,956 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,956 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.64
    •  
  • 5720 Tribune Way Plano, TX 1
    • 4 beds 4 baths ∙ 3,863 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,863 Sqft ∙ Built 2003
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.61
    •  
  • 1100 Discovery Street Plano, TX 2
    • 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2008
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.66
    •  
  • 5709 Rickshaw Lane Plano, TX 4
    • 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2002
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
  • 6032 Toledo Street Plano, TX 5
    • 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2002
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.67
    •  
PROPERTY LISTING DETAILS
Pelin Guzel
Dhl Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523250
Last Updated: 02/26/2021
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