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4129 Wind Dance Circle Plano, TX 75024

4 Beds 4 Baths 3,702 sqft Built 2002

$484,999

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $131.01
  • 4 Days on Market
  • MLS # : 14501147
  • Updated Date : 01/21/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,702 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

WELL MAINTAINED DREES HOME ON CORNER LOT WITH PARK & GREENBELT VIEWS. THIS TRADITIONAL HOME OFFERS 4 BEDROOMS, 3.1 BATHS, OPEN CONCEPT LIVING & KITCHEN, SPACIOUS GAME ROOM, HUGE MEDIA ROOM & 3 CAR GARAGE. THE HOME IS LOADED WITH EXTRAS & RECENT UPGRADES; GRANITE, CARPETS, FRESH PAINT, BUILT INS, NEWER ROOF, NEW DISH WASHER, PLANTATION SHUTTERS, WOOD BLINDS & MORE. PRIME LOCATION; CLOSE TO NEW RETAIL, SCHOOLS, PARKS, ENTERTAINMENT VENUES, & EASY ACCESS TO SAM RAYBURN AND DALLAS NORTH TOLLWAY.

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: Hickory Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k485k

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

Neighborhood: Hickory Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262869

* 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
Ruth Borchardt Elementary School Primary Regular 727 42 10
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Lebanon Trail High School High Regular NA

Ruth Borchardt Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 42
10
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$436,499$533,499$484,999

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,685
Property Tax -$825
Property Insurance -$241
HOA -$38
Property Management Fees -$99
CASH FLOW
-$47

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.

$484,999

PROJECTED PRICE

$2,840

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,749
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8403$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4129 Wind Dance Circle Plano, TX 2
    • 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,702 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.77
    •  
  • 8721 Calistoga Springs Way Plano, TX 1
    • 4 beds 4 baths ∙ 3,526 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,526 Sqft ∙ Built 2001
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.76
    •  
  • 4561 Risinghill Drive Plano, TX 3
    • 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
  • 4429 Avebury Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,725 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,725 Sqft ∙ Built 1998
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.81
    •  
  • 4112 Waskom Drive Plano, TX 5
    • 5 beds 5 baths ∙ 3,664 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,664 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Nadia Rahman
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501147
Last Updated: 01/21/2021
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