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3208 Blenheim Court Plano, TX 75025

4 Beds 4 Baths 2,826 sqft Built 1996

$403,900

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $142.92
  • 2 Days on Market
  • MLS # : 14512741
  • Updated Date : 02/06/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,826 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hsn Realty Llc

Listing Agent's Description

Fall in Love with this absolutely Stunning Fabulous 4 Bed,3.1 Bath, 3 Living and 2 Dining Double Story House located at the heart of West Plano awaits your approval. Downstairs living can be use as study as well. The neutral color scheme works beautifully with any décor & the abundance of windows invites the sun to fill each room with natural light. The open floor plan with spacious kitchen and eat-in dining allows plenty of room for entertaining and relaxing. The wood fence completes your backyard oasis and provides complete privacy.Examplary schools.MOVE IN READY.

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: Denham Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Denham Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Mathews Elementary School Primary Regular 502 37 10
Schimelpfenig Middle School Middle Regular 957 53 9
Plano Senior High School High Regular 2,766 155 9

Mathews Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 37
10
GreatSchools Rating

Schimelpfenig Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 53
9
GreatSchools Rating

Plano Senior High School

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

$363,510$444,290$403,900

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,403
Property Tax -$687
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
$40

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.

$403,900

PROJECTED PRICE

$2,420

PROJECTED RENT

0.60%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$112,784

INVESTMENT

$112,784

Down Payment
$100,975
Rehab Estimate
$5,750
Closing Costs
$6,059

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,403

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,975
Loan Amount $302,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,416

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3954$2,4205$2,500
$2,500
RENT COMPS ANALYSIS
  • 3208 Blenheim Court Plano, TX 4
    • 4 beds 4 baths ∙ 2,826 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,826 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.86
    •  
  • 3805 Skyline Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,710 Sqft ∙ Built 1996
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
  • 2508 Brown Deer Trail Plano, TX 2
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 1982
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 3216 Charring Cross Plano, TX 3
    • 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1994
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.84
    •  
  • 3616 Lowrey Way Plano, TX 5
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1998
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Hassan Butt
Hsn Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512741
Last Updated: 02/06/2021
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