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4325 Brinker Court Plano, TX 75024

4 Beds 3 Baths 2,238 sqft Built 1996

INVESTimate

$345,000

List Price

$2,020

$1,818 - $2,222

Rent Est.

$374,636  ( +8.59%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $154.16
  • 9 Days on Market
  • MLS # : 14415470
  • Updated Date : 08/20/2020 at 06:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,238 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

You will love this corporate owned, well maintained two story with mature trees on a quiet cul-de-sac. The open floor plan, big windows, and high ceilings make the home bright and cheery. The fresh, neutral paint will compliment any decor style. Gas cook-top is vented outside and the spacious kitchen allows you to entertain with style and ease. The formal dining and living areas have beautiful plantation shutters to dress-up the front of the home. The six foot board-on-board fenced back yard is a great place for kids or pets to play safely under the cover of tall trees. Refrigerator, clothes washer, and dryer may be included with an acceptable offer. Make this beautiful home yours today.

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: Estates at Fountain Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Estates at Fountain Creek

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
Haun Elementary School Primary Regular 501 38 8
Robinson Middle School Middle Regular 970 56 9
Jasper High School High Regular 1,406 76 9

Haun Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 38
8
GreatSchools Rating

Robinson Middle School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 56
9
GreatSchools Rating

Jasper High School

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

$310,500$379,500$345,000

PURCHASE PRICE

$1,818$2,222$2,020

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,273
Property Tax -$587
Property Insurance -$157
HOA -$31
Property Management Fees -$99
CASH FLOW
-$127

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.

$345,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 8.59%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,899
1$1,8992$1,9503$1,9504$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 4325 Brinker Court Plano, TX 5
    • 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.90
    •  
  • 4320 Palmdale Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.92
    •  
  • 4336 Palmdale Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 1998
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 4400 Giovanni Drive Plano, TX 3
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 4404 Cutter Springs Court Plano, TX 4
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1997
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Chris Smith
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415470
Last Updated: 08/20/2020
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