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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $150.31
- 2 Days on Market
- MLS # : 14464464
- Updated Date : 11/07/2020 at 13:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,228 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Town & Country
Listing Agent's Description
Absolute stunning garden home in the perfect Plano location. Completely remodeled with no detail left untouched. Real Oak nail-down hardwood floors, 2 NEW ACs with all new ducts, NEW water heater, NEW Roof, NEW energy efficient windows, NEW fence. Large open concept living room with double tall ceilings and plenty of natural light throughout. Chef's kitchen complete with gorgeous stone countertops and breakfast nook overlooking the backyard.. Incredible spa-like master bath with seamless glass shower and soaking tub. Walking distance to award winning exemplary rated schools. Minutes from great shopping, restaurants, and entertainment. Located perfectly near George Bush Turnpike, 75, and DNT for commuters.
SEE MORE
- . 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: Wooded Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wooded Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$570 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$60
|
||
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.
$334,900
PROJECTED PRICE
$2,000
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,499
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
4
YEARS SAVED
$14,904
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,156
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
3010 Jomar Drive Plano, TX 2
- 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
3029 Brookshire Drive Plano, TX 1
- 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1992
LEASED 10/25/20- Rent
- Rent Per SQFT
- $2,000
- $0.96
-
3213 Forester Way Plano, TX 3
- 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1974
LEASED 12/28/19- Rent
- Rent Per SQFT
- $2,095
- $0.98
-
3004 Sewanee Drive Plano, TX 4
- 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1972
LEASED 04/25/20- Rent
- Rent Per SQFT
- $2,195
- $0.94
-
3033 Brookshire Drive Plano, TX 5
- 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,281 Sqft ∙ Built 1993
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,250
- $0.99
PROPERTY LISTING DETAILS
Re/max Town & Country
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14464464
Last Updated: 11/07/2020
