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

3021 Bryce Canyon Drive Plano, TX 75025

4 Beds 4 Baths 2,857 sqft Built 1997

$439,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Woods at Russell Creek

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
Skaggs Elementary School Primary Regular 474 32 10
Rice Middle School Middle Regular 1,176 66 10
Jasper High School High Regular 1,406 76 9

Skaggs Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 32
10
GreatSchools Rating

Rice Middle School

  • Education Level: Middle
  • # of students: 1,176
  • # of teachers: 66
10
GreatSchools Rating

Jasper High School

  • Education Level: High
  • # of students: 1,406
  • # of teachers: 76
9
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

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
$2,199
1$2,1992$2,2903$2,3504$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 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
Sarah Quan
31 Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477955
Last Updated: 11/28/2020
BESbswy