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3912 Cross Bend Road Plano, TX 75023

4 Beds 3 Baths 2,558 sqft Built 1984

$459,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $179.44
  • 3 Days on Market
  • MLS # : 14513373
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,558 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

Perfection in Plano! A designers dream in every detail, this immaculate home features a highly desired layout. Light, bright and open living room offers a grand fireplace and walls of windows providing panoramic views to the outdoor entertaining area. Chef's kitchen is highlighted with coveted Carerra Marble countertops, built in stainless steel appliances, deep single basin sink, gas cooktop and a plethora of storage. Relax in the privately situated owner's retreat featuring a luxurious bathroom with soaring vaulted ceilings, frameless shower, separate vanities and huge closet!

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: Parkway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k426k

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

Neighborhood: Parkway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262824

* 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
Wells Elementary School Primary Regular 580 42 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Wells Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,594
Property Tax -$781
Property Insurance -$175
Property Management Fees -$99
CASH FLOW
-$509

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.

$459,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1004$2,1405$2,250
$2,250
RENT COMPS ANALYSIS
  • 3912 Cross Bend Road Plano, TX 4
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.84
    •  
  • 3616 Stagecoach Trail Plano, TX 1
    • 4 beds 4 baths ∙ 2,524 Sqft ∙ Built 1976 4 beds 4 baths ∙ 2,524 Sqft ∙ Built 1976
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 5113 Teddington Park Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 1995
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.88
    •  
  • 4237 Sun Creek Court Plano, TX 3
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 1994
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 4332 Stromboli Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,740 Sqft ∙ Built 1998
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mollie Hancock
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513373
Last Updated: 02/05/2021
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