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4229 Barnsley Drive Plano, TX 75093

5 Beds 4 Baths 3,461 sqft Built 1994

INVESTimate

$499,900

List Price

$2,940

$2,690 - $3,190

Rent Est.

$530,194  ( +6.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $144.44
  • 6 Days on Market
  • MLS # : 14417997
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,461 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

GORGEOUS & UPDATES GALORE! Fresh paint and just installed flooring throughout! Spacious kitchen open to family room w granite, just installed SS appliances w gas cook top & abundance of cabinets. SS refrig included! Fam room includs custom molding on FP & built-in. Lg master w luxurious bath boasts of dual sinks, standalone tub, separate shower, & granite. Secondary bathrooms all updated. Downstairs secondary bedroom could be a study or private guest quarters! Game room up and split bedrooms include walk-in closets w cab & ceiling fans. Stunning landscape provides inviting curb appeal! Home is adjacent to the greenbelt and walking track! Subdivision includs pool, playground & tennis court. See it today!

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: Stonewood Glen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k729k

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

Neighborhood: Stonewood Glen

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$1,844
Property Tax -$851
Property Insurance -$227
HOA -$48
Property Management Fees -$99
CASH FLOW
-$129

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.

$499,900

PROJECTED PRICE

$2,940

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.06%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$17,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,210

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9403$2,9504$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 4229 Barnsley Drive Plano, TX 2
    • 5 beds 4 baths ∙ 3,461 Sqft ∙ Built 1994 5 beds 4 baths ∙ 3,461 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.85
    •  
  • 4409 Wonderland Drive Plano, TX 1
    • 5 beds 3 baths ∙ 3,300 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,300 Sqft ∙ Built 1998
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.86
    •  
  • 4560 Bentley Drive Plano, TX 3
    • 6 beds 5 baths ∙ 3,500 Sqft ∙ Built 1988 6 beds 5 baths ∙ 3,500 Sqft ∙ Built 1988
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.84
    •  
  • 4809 Pyramid Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,286 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,286 Sqft ∙ Built 2005
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.99
    •  
  • 4409 Oak Knoll Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 1994
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brenda Townsley
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417997
Last Updated: 08/22/2020
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