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3941 Los Robles Drive Plano, TX 75074

3 Beds 2 Baths 1,894 sqft Built 1981

$285,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $150.48
  • 2 Days on Market
  • MLS # : 14465038
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Charming custom 1 story in sought after Los Rios minutes from golf course, Bob Woodruff Park, Jogging-Bike Trails,7 acre dog park,highly regarded Plano ISD schools. Spacious family room w- gas log fireplace, dramatic vaulted,trayed ceiling. Formal Dining & entry w-elegant slate floors. Kitchen w-breakfast bar, Maytag dishwasher & electric range w-flat surface cooktop & double ovens. Master bedroom w-room for sitting area,view of patio-courtyard. All bedrooms generous in size. Formal Dining or 1 of the extra bedrooms could make a great 2nd living,study or office. Nice sized lot.Large backyard! New Lennox 16 SEER HVAC w-Nest thermostat in 2015. New roof 2016. Close to great dining, shopping,major highways.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,052
Property Tax -$485
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$82

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.

$285,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,473

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6903$1,7754$1,8755$1,925
$1,925
RENT COMPS ANALYSIS
  • 3941 Los Robles Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,894 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 2304 Pagoda Oak Drive Plano, TX 1
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1995
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.90
    •  
  • 4200 San Saba Court Plano, TX 3
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1978
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
  • 2309 Dyers Oak Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 1993
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.90
    •  
  • 3928 Bosque Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,074 Sqft ∙ Built 1980
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shelley Nunley
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465038
Last Updated: 11/07/2020
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