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3825 Lakedale Drive Plano, TX 75025

4 Beds 4 Baths 3,851 sqft Built 1999

$495,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $128.54
  • 2 Days on Market
  • MLS # : 14475671
  • Updated Date : 11/21/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,851 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dtc Realty Of America Llc

Listing Agent's Description

Gorgeous 2 story single family house in Plano. Spacious foyer opens to second living room and formal dining. Wood floor in living room, hall way, and master bedroom. Kitchen features granite countertop, island, and butlers pantry. Huge master bedroom downstairs with sitting area, master bath with jetted tub, separate shower, separate vanities, and walk-in-closet. Curved staircase with wrought iron. 3 bedrooms upstairs with a large game room. Carpet on stairs and upstairs just replaced on November 2020. 3 car garage, alarm system, sprinkler. Tons of upgrades. Famous Plano ISD. Easy access to 121, 75, and Dallas Tollway.

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: Forest Creek North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Forest Creek North

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
Mathews Elementary School Primary Regular 502 37 10
Schimelpfenig Middle School Middle Regular 957 53 9
Plano Senior High School High Regular 2,766 155 9

Mathews Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 37
10
GreatSchools Rating

Schimelpfenig Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 53
9
GreatSchools Rating

Plano Senior High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,826
Property Tax -$842
Property Insurance -$250
HOA -$17
Property Management Fees -$99
CASH FLOW
-$385

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.

$495,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,985

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9953$2,9954$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3825 Lakedale Drive Plano, TX 1
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.69
    •  
  • 7805 San Isabel Drive Plano, TX 2
    • 5 beds 4 baths ∙ 3,908 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,908 Sqft ∙ Built 1997
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.77
    •  
  • 7900 Ferndale Drive Plano, TX 3
    • 5 beds 5 baths ∙ 4,032 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,032 Sqft ∙ Built 1998
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.74
    •  
  • 3724 Round Tree Way Plano, TX 4
    • 5 beds 5 baths ∙ 3,813 Sqft ∙ Built 1996 5 beds 5 baths ∙ 3,813 Sqft ∙ Built 1996
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.79
    •  
  • 3832 Lakedale Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.80
    •  
PROPERTY LISTING DETAILS
Detian Cao
Dtc Realty Of America Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475671
Last Updated: 11/21/2020
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