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3340 Sage Brush Trail Plano, TX 75023

4 Beds 4 Baths 3,388 sqft Built 1988

$495,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $146.10
  • 3 Days on Market
  • MLS # : 14492707
  • Updated Date : 01/01/2021 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,388 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rde Capital Group, Llc

Listing Agent's Description

BEAUTIFULLY updated home in Plano ISD and Wells Elementary. Everything has been completely remodeled including all new designer, engineered hardwood floors throughout, brand new carpet in the bedrooms and tile in the bathrooms. Kitchen includes all new appliances (all on order, arriving end of Jan). Beautiful tile backsplash, new electrical and plumbing fixtures throughout. White subway tile in bathrooms, with free standing soaking tub in master. Quartz countertops throughout entire home, including kitchen and bathrooms. Pool has been completely replastered. This home also features two fireplaces with two separate living areas, a sun room which has access from the master and a beautiful outdoor patio with pool.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Carriage Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Neighborhood: Carriage Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262872

* 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
Wells Elementary School Primary Regular 580 42 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Wells Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
7
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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,826
Property Tax -$842
Property Insurance -$223
Property Management Fees -$99
CASH FLOW
-$480

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.

$495,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,575

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5103$2,6004$2,6755$2,990
$2,990
RENT COMPS ANALYSIS
  • 3340 Sage Brush Trail Plano, TX 2
    • 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.74
    •  
  • 3204 Overland Drive Plano, TX 1
    • 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1977
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
  • 2928 Benchmark Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,527 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,527 Sqft ∙ Built 1996
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
  • 2904 Benchmark Drive Plano, TX 4
    • 5 beds 4 baths ∙ 3,527 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,527 Sqft ∙ Built 1995
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.76
    •  
  • 3820 Portsmouth Circle Plano, TX 5
    • 5 beds 5 baths ∙ 3,738 Sqft ∙ Built 1982 5 beds 5 baths ∙ 3,738 Sqft ∙ Built 1982
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.80
    •  
PROPERTY LISTING DETAILS
Joseph Pytcher
Rde Capital Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492707
Last Updated: 01/01/2021
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