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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $158.94
- 1 Days on Market
- MLS # : 14487736
- Updated Date : 12/20/2020 at 00:12
CONSTRUCTION
- Beds : 5
- Floor Size : 3,695 sqft
- Baths : 4 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
PRISTINE -UPDATED-HUNTINGTON BUILT-OVERSIZED BACKYARD YARD- 3 CAR GARAGE-5 BEDROOMS WITH 2 DOWNSTAIRS AND 3 BEDROOMS UP -MAKE THIS YOUR HOLIDAY PRESENT TO YOURSELF !!!! SOARING CEILINGS-NEW ROOF IN 2017-UPDATED 3 HVAC UNITS ALL REPLACED IN LAST 6 YEARS- WOOD FLOORS - BEAUTIFUL CREAM COLORED ACID WASHED MARBLE FLOORING LAID IN THE VERSALLES PATTERN-CUSTOM WINDOW TREATMENTS-DESIGNER LIGHTING -2 NEW WATER HEATERS IN 2018-IRON BALUSTERS ON THE STAIRCASE AND BALCONY - FRESH PAINT THROUGHOUT - GRANITE EVEN IN THE UTILIY ROOM !! ENJOY HIGHTOWER ELEMENTARY SCHOOL AROUND THE CORNER AND PLANO WEST SR HIGH LESS THAN 3 MILES AWAY. DON'T WAIT TO COME SEE THIS TREASURED FAMILY HOME -COME NOW-IT IS HARD TO FIND ONE BETTER
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Highlands of Preston Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands of Preston Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,980 |
| EXPENSES | Loan Payment | -$2,167 |
| Property Tax | -$999 | |
| Property Insurance | -$241 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$563
|
||
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.
$587,300
PROJECTED PRICE
$2,980
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$161,385
LOAN DETAILS
$2,167
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $146,825 |
| Loan Amount | $440,475 |
0.67
YEARS SAVED
$1,997
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,980
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$3,242
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
4413 Oak Knoll Drive Plano, TX 1
- 5 beds 4 baths ∙ 3,695 Sqft ∙ Built 1994 5 beds 4 baths ∙ 3,695 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,980
- $0.81
-
4208 Rockingham Way Plano, TX 2
- 5 beds 4 baths ∙ 3,733 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,733 Sqft ∙ Built 1990
![property image]()
LEASED 12/26/19- Rent
- Rent Per SQFT
- $3,000
- $0.80
-
4553 Meadow Ridge Drive Plano, TX 3
- 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 1997
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $3,000
- $0.80
-
4309 Wingren Drive Plano, TX 4
- 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 1998
![property image]()
LEASED 12/18/20- Rent
- Rent Per SQFT
- $3,200
- $0.90
-
4713 Eva Place Plano, TX 5
- 4 beds 4 baths ∙ 3,563 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,563 Sqft ∙ Built 2006
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $3,600
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487736
Last Updated: 12/20/2020
