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3028 Laguna Drive Plano, TX 75023

4 Beds 3 Baths 2,713 sqft Built 1981

$465,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

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: Prairie Creek Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Prairie Creek Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262496

* 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
Hughston Elementary School Primary Regular 381 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Hughston Elementary School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 30
7
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

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
$2,380
1$2,3802$2,3953$2,4504$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 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
Susan Mckinney
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485271
Last Updated: 12/11/2020
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