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3401 Langley Circle Plano, TX 75025

5 Beds 5 Baths 4,441 sqft Built 1988

$749,900

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $168.86
  • 3 Days on Market
  • MLS # : 14484618
  • Updated Date : 12/11/2020 at 08:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,441 sqft
  • Baths : 4 full , 1 half
Listing Agent

Nb Elite Realty

Listing Agent's Description

Step into this immaculate modern traditional located on a tree-lined cul-de-sac lot in the heart of west Plano. Gleaming floors, new paint, new carpet, 2020 roof, decorative lighting, stainless appliances, quartz countertops and cloud-based home automation system - no expense has been spared and no detail overlooked in this sparkling stunner, updated from top to bottom. Enjoy outdoor living on the patio by the saltwater pool after a long day, or relax in your master soaking tub. There is upstairs office space with custom built-ins, a panic room, a bonus play area for the kids, and even a cedar closet; this home has it all. A detailed list of upgrades provided upon request.

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
 

$674,910$824,890$749,900

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,767
Property Tax -$1,276
Property Insurance -$284
HOA -$13
Property Management Fees -$99
CASH FLOW
-$919

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.

$749,900

PROJECTED PRICE

$3,520

PROJECTED RENT

0.47%

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$15k

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$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,497

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,3003$3,5004$3,5005$3,520
$3,520
RENT COMPS ANALYSIS
  • 3401 Langley Circle Plano, TX 5
    • 5 beds 5 baths ∙ 4,441 Sqft ∙ Built 1988 5 beds 5 baths ∙ 4,441 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $0.79
    •  
  • 7600 Hamner Lane Plano, TX 1
    • 5 beds 4 baths ∙ 4,180 Sqft ∙ Built 1989 5 beds 4 baths ∙ 4,180 Sqft ∙ Built 1989
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.78
    •  
  • 3405 Swanson Drive Plano, TX 2
    • 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.77
    •  
  • 7712 Saragosa Creek Plano, TX 3
    • 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
    •  
  • 3716 Orange Blossom Court Plano, TX 4
    • 5 beds 4 baths ∙ 4,448 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,448 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.79
    •  
PROPERTY LISTING DETAILS
Sarah Thomas
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484618
Last Updated: 12/11/2020
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