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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoney Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
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
-
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
Coldwell Banker Realty Plano
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496416
Last Updated: 01/30/2021
