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3245 Langley Drive Plano, TX 75025

5 Beds 5 Baths 4,042 sqft Built 1995

$729,900

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $180.58
  • 5 Days on Market
  • MLS # : 14515274
  • Updated Date : 02/14/2021 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,042 sqft
  • Baths : 5 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful Custom Ascot home located in highly desirable neighborhood of Whiffletree. The quality and upgrades of this one of a kind home are unparalleled. 5 beds, 5 baths, stunning Office, large upstairs gameroom with wetbar and balcony overlooking pool. Outdoor kitchen with built in grill, heated pool and hot tub. Oversized 3 car garage can fit a full size pickup, extra slab poured in driveway for 4th car and a utility slab. Full bath with access to the pool. Master suite features luxurious claw-foot tub, see-through fireplace, and access to the pool. Kitchen highlights include, large walk in pantry, 5 burners gas stovetop with warming drawer, double convect oven. This elegant home is a must see!

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: Whiffletree North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Whiffletree North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263440

* 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
 

$656,910$802,890$729,900

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,535
Property Tax -$1,242
Property Insurance -$261
Property Management Fees -$99
CASH FLOW
-$957

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.

$729,900

PROJECTED PRICE

$3,180

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,174

INVESTMENT

$199,174

Down Payment
$182,475
Rehab Estimate
$5,750
Closing Costs
$10,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,535

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,475
Loan Amount $547,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,284

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1003$3,1804$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 3245 Langley Drive Plano, TX 3
    • 5 beds 5 baths ∙ 4,042 Sqft ∙ Built 1995 5 beds 5 baths ∙ 4,042 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $0.79
    •  
  • 7805 San Isabel Drive Plano, TX 1
    • 5 beds 4 baths ∙ 3,908 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,908 Sqft ∙ Built 1997
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 3832 Lakedale Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.80
    •  
  • 3709 Mount Vernon Way Plano, TX 4
    • 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 1995
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.87
    •  
  • 7712 Saragosa Creek Plano, TX 5
    • 4 beds 5 baths ∙ 4,307 Sqft ∙ Built 1998 4 beds 5 baths ∙ 4,307 Sqft ∙ Built 1998
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Adrienne Leonard
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515274
Last Updated: 02/14/2021
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