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4105 Bonita Drive Plano, TX 75024

4 Beds 3 Baths 2,535 sqft Built 1990

$375,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $147.93
  • 2 Days on Market
  • MLS # : 14475509
  • Updated Date : 11/21/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

4BR-2.5 Bath updated move in ready home in exemplary Plano isd. FRESHLY PAINTED. Kitchen with Granite Counters, SS appliances. A family room with wood floor and a brick fireplace and cabinets. Stacked Formals. Master is on 2nd floor with 3 more Bedrooms. Closer to 121 & Dallas North Tollway & Stone Briar Mall, hiking and biking trail. Exemplary Wyatt-Rice-Jasper-Plano West High. Refrigerator, washer and dryer stays with the property with an acceptable offer.

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: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Highland Meadows

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
Wyatt Elementary School Primary Regular 512 36 10
Rice Middle School Middle Regular 1,176 66 10
Jasper High School High Regular 1,406 76 9

Wyatt Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 36
10
GreatSchools Rating

Rice Middle School

  • Education Level: Middle
  • # of students: 1,176
  • # of teachers: 66
10
GreatSchools Rating

Jasper High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,384
Property Tax -$638
Property Insurance -$174
Property Management Fees -$99
CASH FLOW
-$94

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.

$375,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.6%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,351

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,2955$2,450
$2,450
RENT COMPS ANALYSIS
  • 4105 Bonita Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 4108 Oxlea Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 4120 Oxlea Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1992
    property image
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 4032 Norcross Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 1988
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.90
    •  
  • 8516 Bridgend Court Plano, TX 5
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1994
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Pragnesh Shah
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475509
Last Updated: 11/21/2020
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