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3916 Rolling Hills Drive Plano, TX 75025

4 Beds 2 Baths 2,141 sqft Built 1995

$352,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $164.41
  • 1 Days on Market
  • MLS # : 14503791
  • Updated Date : 01/24/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,141 sqft
  • Baths : 2 full
Listing Agent

Hsn Realty Llc

Listing Agent's Description

Fall in Love with this absolutely Stunning Fabulous 4 Bed,2 Bath, 2 Living and 1 Dining Single Story House located at the heart of West Plano awaits your approval. The neutral color scheme works beautifully with any décor & the abundance of windows invites the sun to fill each room with natural light. The open floor plan with spacious kitchen and eat-in dining allows plenty of room for entertaining and relaxing. The wood fence completes your backyard oasis and provides complete privacy. MOVE IN READY.

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: Parkdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Parkdale

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
 

$316,800$387,200$352,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,223
Property Tax -$599
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
$59

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.

$352,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,030

INVESTMENT

$99,030

Down Payment
$88,000
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,000
Loan Amount $264,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,077

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9503$1,9504$2,1305$2,150
$2,150
RENT COMPS ANALYSIS
  • 3916 Rolling Hills Drive Plano, TX 4
    • 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.99
    •  
  • 4305 Palmdale Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.99
    •  
  • 3841 Rolling Hills Drive Plano, TX 2
    • 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,083 Sqft ∙ Built 1995
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 4033 Christopher Way Plano, TX 3
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1994
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 4036 Christopher Way Plano, TX 5
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 1996
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
PROPERTY LISTING DETAILS
Hassan Butt
Hsn Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503791
Last Updated: 01/24/2021
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