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4337 Heath Court Plano, TX 75024

4 Beds 2 Baths 1,933 sqft Built 1996

$307,500

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $159.08
  • 7 Days on Market
  • MLS # : 14461636
  • Updated Date : 10/31/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,933 sqft
  • Baths : 2 full
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Beautiful updated home in Estates at Fountain Creek. No carpet beautiful wood like tile floors though out the home. Updated baths and Kitchen. Automatic lift in Garage to take stuff up to the attic making life east. Corner Lot nicely landscaped. If you are looking for updated home in West Plano this is the home for you. Hurry will not last long. Includes Security Cameras and monitors. Electric Fireplace in Master Bath. Barn Door into Master Bath. Solar Panels are leased and must assume the lease. See the savings after solar panels were put on.

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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: 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
 

$276,750$338,250$307,500

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,135
Property Tax -$535
Property Insurance -$139
HOA -$32
Property Management Fees -$99
CASH FLOW
-$29

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.

$307,500

PROJECTED PRICE

$1,910

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 8.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,238

INVESTMENT

$87,238

Down Payment
$76,875
Rehab Estimate
$5,750
Closing Costs
$4,613

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,135

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,875
Loan Amount $230,625
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,875

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,899
1$1,8992$1,9003$1,9104$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 4337 Heath Court Plano, TX 3
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.99
    •  
  • 4320 Palmdale Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 1996
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.92
    •  
  • 4321 Cutter Springs Court Plano, TX 2
    • 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,831 Sqft ∙ Built 1996
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 4305 Palmdale Drive Plano, TX 4
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 1996
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.99
    •  
  • 4400 Giovanni Drive Plano, TX 5
    • 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,107 Sqft ∙ Built 1997
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
PROPERTY LISTING DETAILS
Christyne Campbell
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461636
Last Updated: 10/31/2020
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