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3932 Carrizo Drive Plano, TX 75074

4 Beds 3 Baths 2,367 sqft Built 1983

$386,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $163.46
  • 4 Days on Market
  • MLS # : 14540806
  • Updated Date : 03/26/2021 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,367 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Gorgeous drive-up appeal to this ranch style home in highly sought after Los Rios! 4 bedrooms, 2.5 bath, pool & spa, and comes with a new AC system just in time for Summer! Lovely slate tiled entry leads to the spacious family room that features a gas fireplace, beamed ceiling with skylights. Large country kitchen is light and bright and features oak cabinets, tile floors, and a planning station. The charming primary bedroom offers tray ceilings and French doors that lead to the back patio. The ensuite bathroom features dual sinks, a deep soaking tub, and a large walk-in closet with built-ins. You will love the covered back patio looking out to the pool and spa with a new pool heater!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Los Rios

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Los Rios

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Dooley Elementary School Primary Regular 401 35 6
Armstrong Middle School Middle Regular 681 55 5
Mcmillen High School High Regular 1,088 70 8

Dooley Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 35
6
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
 

$348,210$425,590$386,900

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 -$1,344
Property Tax -$658
Property Insurance -$164
Property Management Fees -$99
CASH FLOW
-$85

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.

$386,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,279

INVESTMENT

$108,279

Down Payment
$96,725
Rehab Estimate
$5,750
Closing Costs
$5,804

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,344

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,725
Loan Amount $290,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,536

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
  • $0.92

    LIST RENT PER SQFT
  • $2,142

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0953$2,1004$2,1805$2,300
$2,300
RENT COMPS ANALYSIS
  • 3932 Carrizo Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.92
    •  
  • 2424 San Gabriel Drive Plano, TX 1
    • 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,216 Sqft ∙ Built 1983
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 2117 Los Rios Boulevard Plano, TX 2
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1979
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
  • 1913 Los Rios Plano, TX 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1978
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 2329 Felicia Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 1981
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540806
Last Updated: 03/26/2021
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