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3204 Canyon Valley Trail Plano, TX 75075

3 Beds 3 Baths 2,145 sqft Built 1983

$324,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $151.47
  • 5 Days on Market
  • MLS # : 14465306
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Side By Side, Llc

Listing Agent's Description

Fantastic location in the heart of Plano– near restaurants & shopping! Move-in ready w open floorplan and super upgrades. Enter and find new beautiful wood-look tile thru-out; fresh paint & modern fixtures; kitchen w modern split color scheme & granite cntrs, backsplash, SS appliances, dbl oven, loads of cabinets, upgraded lighting sys w trey ceiling; dining w vaulted ceiling open to kitchen & living; cozy living w WBFP & upgraded lighting; huge master w entrance to patio; mbath w walkin closets, frameless shower, dual vanity, & skylight; Energy efficiencies incl dbl pane windows, SEER 16, & ceiling fans. Roof – 4yo; HVAC – 3yo; fresh landscaping. Entertain on the covered patio– fantastic for bbq or hangout!

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: University Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: University Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Davis Elementary School Primary Regular 489 36 5
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Davis Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 36
5
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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,199
Property Tax -$553
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
-$52

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.

$324,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9504$2,0305$2,150
$2,150
RENT COMPS ANALYSIS
  • 3204 Canyon Valley Trail Plano, TX 3
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 2424 Winterstone Drive Plano, TX 1
    • 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1975
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 3324 Treehouse Lane Plano, TX 2
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 1977
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 3109 Parkside Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,217 Sqft ∙ Built 1978
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.92
    •  
  • 3101 Parkside Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 1978
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nick Miller
Realty Side By Side, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465306
Last Updated: 11/22/2020
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