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4057 Aladdin Drive Plano, TX 75093

3 Beds 3 Baths 2,349 sqft Built 1998

$450,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $191.57
  • 3 Days on Market
  • MLS # : 14495749
  • Updated Date : 01/08/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,349 sqft
  • Baths : 3 full
Listing Agent

Dittmar Realty

Listing Agent's Description

YOU WILL FALL IN LOVE with this well-maintained home located in a quiet, family-friendly West Plano Neighborhood! This home offers 3 bedrooms, private office, 3 full baths, gameroom and Beautiful Sparkling Pool! Located less than a block from scenic bike trail and Daffron Elementary. Recent updates include: Pool (2019); AC unit (2020); Heat system (2019); Water heater (3 yrs old); Gutters (2019); Crown molding; Wifi Sprinkler System (2019); Garage opener; New paint inside; upstairs bath; upstairs carpet in bedrooms (2 yrs old); all door hardware updated; Thermostats upgraded to Ecobee; New grass front & back.

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: Bristol Pointe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k633k

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

Neighborhood: Bristol Pointe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262229

* 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
Daffron Elementary School Primary Regular 588 46 7
Robinson Middle School Middle Regular 970 56 9
Jasper High School High Regular 1,406 76 9

Daffron Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 46
7
GreatSchools Rating

Robinson Middle School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 56
9
GreatSchools Rating

Jasper High School

  • Education Level: High
  • # of students: 1,406
  • # of teachers: 76
9
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,563
Property Tax -$766
Property Insurance -$163
HOA -$50
Property Management Fees -$99
CASH FLOW
-$471

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.

$450,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,0953$2,1004$2,1005$2,170
$2,170
RENT COMPS ANALYSIS
  • 4057 Aladdin Drive Plano, TX 5
    • 3 beds 3 baths ∙ 2,349 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,349 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.92
    •  
  • 4044 Lamorna Drive Plano, TX 1
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.93
    •  
  • 4605 Holly Berry Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 1997
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 4036 Lamorna Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,241 Sqft ∙ Built 1993
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 4049 Bramley Way Plano, TX 4
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 1992
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
PROPERTY LISTING DETAILS
Yolanda Dittmar
Dittmar Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495749
Last Updated: 01/08/2021
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