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3208 Duval Drive Plano, TX 75025

4 Beds 3 Baths 2,607 sqft Built 1999

INVESTimate

$409,000

List Price

$2,180

$1,962 - $2,398

Rent Est.

$440,329  ( +7.66%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $156.89
  • 3 Days on Market
  • MLS # : 14419069
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,607 sqft
  • Baths : 2 full , 1 half
Listing Agent

Don Cook Realtor

Listing Agent's Description

Sweet home ready for a new owner. 2607 sq ft. 4 bedroom, 2.1 baths, dedicated office, open game room, outdoor living, recently installed appliances, updated kitchen and master bath, hardwood tile in custom layout. Open floor plan is perfect for keeping connected while cooking up a tasty treat or relaxing by the TV. Kitchen island has large granite top for those that want to eat casually. Enjoy the private pools as part of your HOA or the nearby parks. Faces north, so the patio is protected from the evening summer sun. Highlands of Russell Park. Plano address with sought after Frisco schools... And the best neighbors anyone could ask for.

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: Highlands of Russell Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Highlands of Russell Park

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
Portia Ross Taylor Elementary School Primary Regular 666 40 9
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Liberty High School High Regular 2,039 137 9

Portia Ross Taylor Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
9
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

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-$10k-$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,509
Property Tax -$696
Property Insurance -$178
HOA -$37
Property Management Fees -$99
CASH FLOW
-$338

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.

$409,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.66%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,125
1$2,1252$2,1803$2,2004$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 3208 Duval Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.84
    •  
  • 3116 Deleon Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.88
    •  
  • 9732 Ellery Avenue Plano, TX 3
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 3516 Mason Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,557 Sqft ∙ Built 1997
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 3501 Kimble Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 1998
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
PROPERTY LISTING DETAILS
Don Cook
Don Cook Realtor
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419069
Last Updated: 08/25/2020
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