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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $131.29
- 2 Days on Market
- MLS # : 14488108
- Updated Date : 12/19/2020 at 17:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,420 sqft
- Baths : 4 full
Listing Agent
Rw Properties
Listing Agent's Description
Fantastic 5 Bedroom Opportunity in NW Plano! Frisco ISD. 2 Beds Down! Downstairs Bedroom could also be an Office if Needed. Open Kitchen to Living Room Floorplan. 2 Spacious Living and Dining Areas. Wood Floors throughout entry and into main Living Room. Kitchen With Large Granite Island, Gas Range, Tall Cabinets and Large Walk in Pantry Upstairs Includes 2 Full Baths, one which is Jack and Jill, 3 Beds, Large Gameroom, Built in Desk area and Cabinets. Big Stamped Concrete Patio Outside with Manageable Yard. 3D Walk Through Available
SEE MORE
- # 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 Russell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands of Russell Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,657 |
| Property Tax | -$764 | |
| Property Insurance | -$225 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$111
|
||
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.
$449,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$124,735
LOAN DETAILS
$1,657
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
3.42
YEARS SAVED
$16,185
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,616
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
3013 Austin Drive Plano, TX 5
- 5 beds 4 baths ∙ 3,420 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,420 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,670
- $0.78
-
2705 Gull Lake Drive Plano, TX 1
- 4 beds 3 baths ∙ 3,286 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,286 Sqft ∙ Built 2000
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,495
- $0.76
-
9736 Windburn Drive Plano, TX 2
- 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2000
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,495
- $0.77
-
2717 Royal Troon Drive Plano, TX 3
- 4 beds 3 baths ∙ 3,407 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,407 Sqft ∙ Built 1998
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.73
-
3305 Estacado Lane Plano, TX 4
- 4 beds 6 baths ∙ 3,241 Sqft ∙ Built 1998 4 beds 6 baths ∙ 3,241 Sqft ∙ Built 1998
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,600
- $0.80
PROPERTY LISTING DETAILS
Rw Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488108
Last Updated: 12/19/2020
