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4217 Atherton Drive Plano, TX 75093

4 Beds 3 Baths 2,146 sqft Built 1993

INVESTimate

$349,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$365,473  ( +4.72%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $162.63
  • 2 Days on Market
  • MLS # : 14420455
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gsi Investments, Llc

Listing Agent's Description

FOR SALE $349,000 OR FOR LEASE $2,400 A MONTH ! LEASE MOVE IN SPECIAL: 2 WEEKS FREE WITH A 13 MONTH LEASE AND APPROVED CREDIT! Lovely home in the charming Coit-Parker-Park location. Great schools A+ and B ratings! Fresh Paint, Upgraded light fixtures. Gourmet Kitchen features granite counter tops, Lots of counter space, hard wood floors, carpet, and ceramic tile in kitchen. Spacious master bathroom with a stand up shower and garden tub. Located just minutes from major highways, jogging trails, restaurants and shopping areas will make this one an easy choice! Furry friend welcome $300 Pet Deposit & $300 Non-Refundable Pet Fee. Lessee needs to verify room sizes and schools.

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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: Wentworth Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k741k

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

Neighborhood: Wentworth Estates

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
Saigling Elementary School Primary Regular 368 30 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Saigling Elementary School

  • Education Level: Primary
  • # of students: 368
  • # of teachers: 30
7
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,288
Property Tax -$594
Property Insurance -$151
HOA -$17
Property Management Fees -$99
CASH FLOW
-$58

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.

$349,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.72%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,872

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8503$2,0254$2,0505$2,090
$2,090
RENT COMPS ANALYSIS
  • 4217 Atherton Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.97
    •  
  • 4128 Nightfall Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,168 Sqft ∙ Built 1978
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.85
    •  
  • 2418 Midnight Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,236 Sqft ∙ Built 1979
    property image
    LEASED 10/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2313 Daybreak Trail Plano, TX 3
    • 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,207 Sqft ∙ Built 1979
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.92
    •  
  • 3901 Promontory Point Plano, TX 4
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1979
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
PROPERTY LISTING DETAILS
Toshia Brown
Gsi Investments, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420455
Last Updated: 08/25/2020
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