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3928 Valdez Court Plano, TX 75074

4 Beds 3 Baths 2,952 sqft Built 1987

$337,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $114.16
  • 7 Days on Market
  • MLS # : 14474253
  • Updated Date : 12/16/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

Colleen Frost Real Estate Serv

Listing Agent's Description

Vintage Home needing updating in a desired area of East Plano within the Los Rios area. Home has great bones and flow. 4 Bedrooms 2.5 Baths, Main bedroom down with plantation shutters, 2 closets, 2 sinks, separated shower and garden tub in Main Bath. 3 good sized secondary bedrooms, additional living area, an open catwalk, and full bath upstairs. Home has a gas fireplace and logs, custom drapes in living room. Exterior has a shed, covered patio & porch. Area offers parks, creeks, close to golf course, schools and shopping. Home, is being sold as is.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Hidden Meadows of los Rios

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Neighborhood: Hidden Meadows of los Rios

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10672224

* 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
Forman Elementary School Primary Regular 553 53 4
Armstrong Middle School Middle Regular 681 55 5
Mcmillen High School High Regular 1,088 70 8

Forman Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 53
4
GreatSchools Rating

Armstrong Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 55
5
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$303,300$370,700$337,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,243
Property Tax -$573
Property Insurance -$198
Property Management Fees -$99
CASH FLOW
$67

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$337,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$95,055

INVESTMENT

$95,055

Down Payment
$84,250
Rehab Estimate
$5,750
Closing Costs
$5,055

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,250
Loan Amount $252,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,406

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2953$2,3004$2,3005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3928 Valdez Court Plano, TX 1
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.74
    •  
  • 925 Oriole Drive Murphy, TX 2
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2002
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 4301 Lavaca Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 1991
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 2229 Molly Lane Plano, TX 4
    • 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,986 Sqft ∙ Built 1994
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 3105 Springbranch Drive Richardson, TX 5
    • 4 beds 4 baths ∙ 3,180 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,180 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.82
    •  
PROPERTY LISTING DETAILS
Melissa Mckeague
Colleen Frost Real Estate Serv
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474253
Last Updated: 12/16/2020
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