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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $153.66
- 1 Days on Market
- MLS # : 14477955
- Updated Date : 11/28/2020 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,857 sqft
- Baths : 3 full , 1 half
Listing Agent
31 Realty, Llc
Listing Agent's Description
This charming 4BR and 3.5 Bath home is situated across from Russell Creek Park. No neighbors across just greenbelt. Updated Highland home on large wooded cul de sac lot. Award-Winning Skaggs-Rice-Jasper-Plano West schools. Huge backyard, lots of natural light and mature trees around. Hardwood floors are throughout this home and updated master bathroom and kitchen with granite countertops and SS appliances. Home is freshly painted inside and out. Fence stained in New ceiling fans, fixtures and energy efficient AC units. High ceilings with large windows invite your family into a bright home.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Woods at Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woods at Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,620 |
| Property Tax | -$747 | |
| Property Insurance | -$192 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$398
|
||
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.
$439,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 7.1% |
| 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
$122,085
LOAN DETAILS
$1,620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,750 |
| Loan Amount | $329,250 |
0.92
YEARS SAVED
$2,148
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,328
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
3021 Bryce Canyon Drive Plano, TX 2
- 4 beds 4 baths ∙ 2,857 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,857 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,290
- $0.80
-
2828 Shasta Drive Plano, TX 1
- 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1994
LEASED 03/29/20- Rent
- Rent Per SQFT
- $2,199
- $0.77
-
8309 Bridespring Drive Plano, TX 3
- 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 1999
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,350
- $0.80
-
8300 Stone Ridge Drive Plano, TX 4
- 5 beds 4 baths ∙ 2,796 Sqft ∙ Built 1998 5 beds 4 baths ∙ 2,796 Sqft ∙ Built 1998
LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,350
- $0.84
-
2901 Summit View Drive Plano, TX 5
- 5 beds 3 baths ∙ 2,814 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,814 Sqft ∙ Built 1994
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,395
- $0.85
PROPERTY LISTING DETAILS
31 Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477955
Last Updated: 11/28/2020
