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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $171.40
- 3 Days on Market
- MLS # : 14485271
- Updated Date : 12/11/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,713 sqft
- Baths : 3 full
Listing Agent
Jp & Associates Plano
Listing Agent's Description
WELCOME HOME! Located in the heart of Plano with easy access to I75 and Dallas North Tollway. Gorgeous,newly renovated single story,5BR 3BA or 4BR+study and sunroom.3 living 2 dining areas.Wood burning fireplace.Laminate Hardwood floors installed throughout all bedrooms and living areas.No carpet.Ceramic tile in kitchen and all bathrooms.3 car garage with painted floors.Granite countertops in kitchen, linear mosaic backsplash.Double ovens, 5 burner gas cooktop.All stainless appliances.Mature trees,landscape, gutters, sprinkler system.Garage has built in storage cabinet, garage refrigerator included. 8' wood fence.Covered front and back patio.Double pane high quality windows. Professional photos uploaded 12-15.
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: Prairie Creek Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prairie Creek Estates North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$791 | |
| Property Insurance | -$184 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$410
|
||
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.
$465,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.0% |
| 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
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
1.17
YEARS SAVED
$2,851
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,380
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,510
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3028 Laguna Drive Plano, TX 1
- 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,380
- $0.88
-
3525 Appalachian Court Plano, TX 2
- 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1979
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,395
- $0.93
-
3620 Teakwood Lane Plano, TX 3
- 4 beds 2 baths ∙ 2,699 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,699 Sqft ∙ Built 1980
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,450
- $0.91
-
3013 Laguna Drive Plano, TX 4
- 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,771 Sqft ∙ Built 1977
![property image]()
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,550
- $0.92
-
3401 Sage Brush Trail Plano, TX 5
- 4 beds 4 baths ∙ 2,866 Sqft ∙ Built 1988 4 beds 4 baths ∙ 2,866 Sqft ∙ Built 1988
![property image]()
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,700
- $0.94
PROPERTY LISTING DETAILS
Jp & Associates Plano
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485271
Last Updated: 12/11/2020
