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360 Dianna Drive Prosper, TX 75078

4 Beds 3 Baths 2,500 sqft Built 2011

$440,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $176.00
  • 4 Days on Market
  • MLS # : 14505718
  • Updated Date : 01/29/2021 at 19:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

Cozy and Charming one and a half story home nestled in the heart of Prosper. A flexible floor plan allows for a huge bedroom to be upstairs or a media or game room with a full bath. Brick and stone elevation greets you with curb appeal and 3.5 garage! Recent updates, open and spacious floor plan, and private backyard with Pergola covered patio and 9ft board on board fence. Granite countertops in the spacious kitchen, and center island. Minutes from shopping at the Gates of Prosper and easy access to DNT. Close to schools zoned for the community. ***Multiple Offers for 360 Dianna Prosper, Texas. HIGHEST AND BEST DUE BY SUNDAY JAN 31ST AT 7PM***

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Boyer Elementary School Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Boyer Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,528
Property Tax -$860
Property Insurance -$172
HOA -$75
Property Management Fees -$99
CASH FLOW
-$274

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.

$440,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,650

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,460
1$2,4602$2,7003$2,7504$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 360 Dianna Drive Prosper, TX 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.98
    •  
  • 940 Sabine Drive Prosper, TX 2
    • 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
  • 341 Darian Drive Prosper, TX 3
    • 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2017
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.06
    •  
  • 931 Waterview Drive Prosper, TX 4
    • 3 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
  • 1601 Middleton Lane Prosper, TX 5
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2018
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ericka Hardin
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505718
Last Updated: 01/29/2021
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