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4105 Panther Ridge Lane Plano, TX 75074

4 Beds 3 Baths 3,469 sqft Built 2000

$475,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $136.93
  • 3 Days on Market
  • MLS # : 14463735
  • Updated Date : 11/01/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,469 sqft
  • Baths : 2 full , 1 half
Listing Agent

Atkins & Co.

Listing Agent's Description

Immaculate and very well maintained Terrific Two Story Grand Home with open floor plan and sparkling pool. Featuring hardwood floors, granite countertops, master suite downstairs with fireplace, large upstairs game room and loft for additional play or work space. This home is great for entertaining inside and out and is in immaculate condition. Your backyard enjoyment awaits with a pool and waterfall along with an awesome cabana for relaxing and social interaction with guests.

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: Stoney Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stoney Hollow

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
Hickey Elementary School Primary Regular 567 45 6
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Hickey Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 45
6
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,753
Property Tax -$808
Property Insurance -$228
HOA -$33
Property Management Fees -$99
CASH FLOW
-$361

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.

$475,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,5603$2,6004$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 4105 Panther Ridge Lane Plano, TX 2
    • 4 beds 3 baths ∙ 3,469 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,469 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.74
    •  
  • 3604 Kite Landing Lane Plano, TX 1
    • 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,216 Sqft ∙ Built 1999
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.74
    •  
  • 4100 Kite Meadow Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,493 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,493 Sqft ∙ Built 2000
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.74
    •  
  • 3853 Wintergreen Drive Plano, TX 4
    • 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2003
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.71
    •  
  • 3905 Ruthridge Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,426 Sqft ∙ Built 2001
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
PROPERTY LISTING DETAILS
Gary Hunter
Atkins & Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463735
Last Updated: 11/01/2020
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