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3013 Stinson Place Plano, TX 75025

5 Beds 4 Baths 3,222 sqft Built 2000

$459,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $142.74
  • 2 Days on Market
  • MLS # : 14467503
  • Updated Date : 11/07/2020 at 19:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,222 sqft
  • Baths : 4 full
Listing Agent

Citiwide Alliance Realty

Listing Agent's Description

Beautiful Highlands home;MOVE IN READY with spacious 5 bedrooms, sparkling pool and desirable Frisco ISD. This fabulous home boasts of brand-new eng. hardwood in Family, Living, Dining and 5th Bedroom. Neutral colors throughout with several rooms freshly painted. Kitchen features white cabinets, granite countertops and a large island. Plenty of sunlight throughout and an open floor plan makes the place seamless. Large game room, Master with a beautiful pool view, every bedroom with spacious closet space, Pool to jump in at a moment’s notice will make this home your retreat! Make it yours! Newer AC(2018), Roof(2014). Close to Dallas Tollway, HWY 121, Allen Outlet Mall, Stone Bair Mall, Toyota and Legacy offices.

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: Highlands of Russell Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Highlands of Russell Park

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
Portia Ross Taylor Elementary School Primary Regular 666 40 9
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Liberty High School High Regular 2,039 137 9

Portia Ross Taylor Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
9
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,697
Property Tax -$782
Property Insurance -$213
HOA -$37
Property Management Fees -$99
CASH FLOW
-$228

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.

$459,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,055

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,545

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,4953$2,5504$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3013 Stinson Place Plano, TX 5
    • 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.81
    •  
  • 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
    •  
  • 2908 Hagen Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 1999
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
  • 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
Srinivas Chidurala
Citiwide Alliance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467503
Last Updated: 11/07/2020
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