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3125 Burleson Drive Plano, TX 75074

4 Beds 2 Baths 2,062 sqft Built 1999

$325,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $157.61
  • 2 Days on Market
  • MLS # : 14473418
  • Updated Date : 12/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Charming single story in desirable Timber Brook located on a quiet cul de sac street. Fresh modern gray paint, 2 living spaces & 2 dining spaces, cozy gas fireplace, split bedrooms for privacy. Enjoy entertaining in the updated kitchen including gas cooktop, Bosch dishwasher, built-in granite chefs table & custom bookcases. Large Master Suite with spacious bath including dual sinks, garden tub and separate shower, freshly painted and wall paper removed. Entertain on the extended back patio, workbench in garage, corner lot, minutes from Oak Point Nature Preserve. Trane HVAC, roof, water heater & BOB fence all replaced 2016. Excellent location close to Central Expy, great shopping & dining nearby. Frig negotiable

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Timberbrook North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Timberbrook North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11092224

* 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
Mccall Elementary School Primary Regular 555 39 7
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Mccall Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 39
7
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,199
Property Tax -$553
Property Insurance -$146
HOA -$39
Property Management Fees -$99
CASH FLOW
-$227

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.

$325,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8103$1,8254$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3125 Burleson Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.88
    •  
  • 549 Gillespie Drive Allen, TX 1
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1985
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.94
    •  
  • 627 Albrook Drive Allen, TX 3
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1986
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.89
    •  
  • 1607 Albrook Drive Allen, TX 4
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1986
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.92
    •  
  • 3329 Heatherbrook Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1998
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brian Shuey
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473418
Last Updated: 12/05/2020
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