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3136 Kings Canyon Drive Plano, TX 75025

4 Beds 3 Baths 2,404 sqft Built 1997

$369,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $153.87
  • 2 Days on Market
  • MLS # : 14467656
  • Updated Date : 11/07/2020 at 20:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,404 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

This home has been updated throughout!! The kitchen features marble backsplash, walnut shelving, custom cabinets, and quartz counters! Relax in your spacious first-floor master and enjoy your luxurious spa-like master bathroom with marble flooring and backsplash! Home has smart home features including nest doorbell and ecobee thermostat.

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: Courtyard at Russell Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Courtyard at Russell Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11143378

* 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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,365
Property Tax -$629
Property Insurance -$166
HOA -$28
Property Management Fees -$99
CASH FLOW
-$207

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.

$369,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0803$2,1004$2,1005$2,199
$2,199
RENT COMPS ANALYSIS
  • 3136 Kings Canyon Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.87
    •  
  • 3009 Mill Ridge Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1997
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 3020 Devlin Ridge Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 3000 Mill Ridge Drive Plano, TX 4
    • 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,241 Sqft ∙ Built 1997
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 8308 Stone Ridge Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,506 Sqft ∙ Built 1997
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.88
    •  
PROPERTY LISTING DETAILS
Crystal Maxwell
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467656
Last Updated: 11/07/2020
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