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3612 Bent Ridge Drive Plano, TX 75074

4 Beds 4 Baths 3,625 sqft Built 1999

$445,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $122.76
  • 3 Days on Market
  • MLS # : 14496416
  • Updated Date : 01/30/2021 at 14:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,625 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty Plano

Listing Agent's Description

Absolutely stunning home with a fantastic flow and very desirable layout! Downstairs master and adjacent office with built-ins is ideal for working from home! Great natural light in every room. 4 bedroom 3.5 bath with 3 living areas and vaulted ceilings. Fresh paint! Kitchen features granite countertops, stainless steel appliances, and spacious prep island. Covered patio with sunburst woodwork provides the perfect setting to work from your laptop or entertain friends and family outdoors. Upstairs game room with built ins for storage plus bonus media room and 3 more bedrooms up. Close to Oak Point Nature Preserve where the Plano Hot Air Balloon Festival takes place. Community pool and playground.

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: Stoney Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stoney Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Hickey Elementary School Primary Regular 567 45 6
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Hickey Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 45
6
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,546
Property Tax -$757
Property Insurance -$237
HOA -$35
Property Management Fees -$99
CASH FLOW
-$53

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.

$445,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,773

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6203$2,6954$2,7005$2,995
$2,995
RENT COMPS ANALYSIS
  • 3612 Bent Ridge Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,625 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,625 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.72
    •  
  • 4100 Kite Meadow Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,493 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,493 Sqft ∙ Built 2000
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
  • 3604 Smoothstone Drive Plano, TX 3
    • 5 beds 3 baths ∙ 3,615 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,615 Sqft ∙ Built 2001
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.75
    •  
  • 3905 Ruthridge Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2001
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 3621 Trailview Drive Plano, TX 5
    • 4 beds 5 baths ∙ 3,861 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,861 Sqft ∙ Built 1999
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.78
    •  
PROPERTY LISTING DETAILS
Mark Bradford
Coldwell Banker Realty Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496416
Last Updated: 01/30/2021
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