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3532 Duval Drive Plano, TX 75025

5 Beds 3 Baths 3,160 sqft Built 1998

$405,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $128.16
  • 6 Days on Market
  • MLS # : 14462858
  • Updated Date : 11/06/2020 at 09:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,160 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Move-in ready NORTH facing home is strong on curb appeal & interior features with 2 bdrms down, 3 bdrms up, 3 bths & 3 living areas. Wide plank wood-like flooring, lots of archways, tall ceilings, modern lighting & Palladian arched windows add to the warmth & appeal of the home. Kitchen is a chef’s delight with an island, ss-appliances, granite counters & tile backsplash, as well as a separate breakfast area. Tranquil master retreat has a large walk-in closet, access to the peaceful covered patio & an en-suite with separate vanities, a garden tub & a separate shower. Handy 3-car garage & spacious backyard with board-on-board fencing. Great location close to all that Plano has to offer and close to major hwys.

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: Ridgeview Park

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Ridgeview Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262271

* 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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,494
Property Tax -$689
Property Insurance -$210
HOA -$48
Property Management Fees -$99
CASH FLOW
-$180

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.

$405,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,370

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,2953$2,3504$2,3605$2,550
$2,550
RENT COMPS ANALYSIS
  • 3532 Duval Drive Plano, TX 4
    • 5 beds 3 baths ∙ 3,160 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,160 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.75
    •  
  • 3544 Brewster Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 1998
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.73
    •  
  • 3609 Estacado Lane Plano, TX 2
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2000
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 3537 Edwards Drive Plano, TX 3
    • 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 1997
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.74
    •  
  • 3641 Estacado Lane Plano, TX 5
    • 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.76
    •  
PROPERTY LISTING DETAILS
Monica Mccormick
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462858
Last Updated: 11/06/2020
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