Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3625 Leathertop Drive Plano, TX 75075

4 Beds 3 Baths 2,930 sqft Built 1982

$484,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $165.49
  • 3 Days on Market
  • MLS # : 14526569
  • Updated Date : 03/06/2021 at 09:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,930 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vip Realty

Listing Agent's Description

MULTIPLE OFFERS RECEIVED PLEASE SEND HIGHEST AND BEST BY SUNDAY 5PM. Absolutely gorgeous Remodel! This elegant home did not miss any corners and prepare yourself to have the best looking house on the street. Conveniently located to shopping, restaurants and many DFW attractions. Many updates includes new kitchen, bathrooms, flooring and much more

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: High Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: High Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10212224

* 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
Saigling Elementary School Primary Regular 368 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Saigling Elementary School

  • Education Level: Primary
  • # of students: 368
  • # of teachers: 30
7
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,684
Property Tax -$825
Property Insurance -$197
Property Management Fees -$99
CASH FLOW
-$335

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.

$484,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
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-$10k-$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$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,469

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,4503$2,4704$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 3625 Leathertop Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.84
    •  
  • 3701 Saddlehead Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 1980
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 3700 San Juan Circle Plano, TX 2
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 1979
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 3304 Big Horn Trail Plano, TX 4
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1975 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1975
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.87
    •  
  • 3909 Cross Bend Road Plano, TX 5
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
PROPERTY LISTING DETAILS
Emin Aljic
Vip Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526569
Last Updated: 03/06/2021
BESbswy