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4416 Sterling Lane Plano, TX 75093

4 Beds 3 Baths 2,200 sqft Built 1983

INVESTimate

$420,000

List Price

$2,250

$2,025 - $2,475

Rent Est.

$117,050

Investment Est.

$439,488 ( +4.64%) 1 YR EST. FORECAST

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AVAILABLE

1 YEAR
Gross Yield	6.43%
NOI	$11,537

15 YEAR
Yield	2.41%
Appreciation	3.21%
TOTAL RETURN	15.26%

PROPERTY INFO

August 25, 2020 RECENTLY ADDED

FACTS

Built In 1983
Price/Sqft : $190.91
3 Days on Market
MLS # : 14419142
Updated Date : 08/24/2020 at 13:38

CONSTRUCTION

Beds : 4
Floor Size : 2,200 sqft
Baths : 2 full , 1 half

Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Move right into this beautifully maintained and updated home in Preston Meadows. New kitchen counter tops and backsplash. Gorgeous first floor master suite with vaulted ceilings and updated master bath with large walk-in closets and a separate tub and shower. Nice size gameroom or extra office on second floor along with 3 bedrooms. Large backyard with peaceful open patio area. Convenient location makes this home a must see!!!

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Plano, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Preston Meadows

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

Neighborhood: Preston Meadows

* 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
Daffron Elementary School	Primary	Regular	588	46	7
Robinson Middle School	Middle	Regular	970	56	9
Jasper High School	High	Regular	1,406	76	9

Daffron Elementary School

Education Level: Primary
# of students: 588
# of teachers: 46

GreatSchools Rating

Robinson Middle School

Education Level: Middle
# of students: 970
# of teachers: 56

GreatSchools Rating

Jasper High School

Education Level: High
# of students: 1,406
# of teachers: 76

GreatSchools Rating

FINANCIALS

Learn how to read this

$378,000$462,00000$420,000

PURCHASE PRICE

$2,025$2,47500$2,250

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,250
EXPENSES	Loan Payment	-$1,550
	Property Tax	-$715
	Property Insurance	-$154
	Property Management Fees	-$99




CASH FLOW -$268

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.

$420,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	4.00%
Appreciation Year (1-5)	4.64%
Maintenance Year (1-5)	8.00%
Vacancy	7.37%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$117,050

Down Payment	$105,000
Rehab Estimate	$5,750
Closing Costs	$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$105,000
Loan Amount	$315,000

See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$6,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,250
LIST RENT
$1.02
LIST RENT PER SQFT

$2,200
COMP ESTIMATED VALUE
$1
COMP AVG. RENT PER SQFT

Comps Range

$1,995

1$1,9952$1,9953$2,2504$2,2955$2,400

$2,400

RENT COMPS ANALYSIS

2,200
PROPERTY SQFT
$1
AVG RENT PER SQFT
$2,200
ESTIMATED VALUE
$2,250
LIST RENT

4416 Sterling Lane Plano, TX 5

4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983
Price

Price Per SQFT

$420,000

$190.91
4209 Early Morn Drive Plano, TX 1

4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,324 Sqft ∙ Built 1978
SOLD 04/17/20
Price

Price Per SQFT

$315,000

$135.54
4420 Birdsong Lane Plano, TX 2

4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1981
SOLD 05/27/20
Price

Price Per SQFT

$324,900

$150.14
4825 Holly Berry Drive Plano, TX 3

4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,054 Sqft ∙ Built 1994
SOLD 04/03/20
Price

Price Per SQFT

$330,000

$160.66
4408 Ringgold Lane Plano, TX 4

4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1980
SOLD 04/16/20
Price

Price Per SQFT

$349,000

$169.17

4416 Sterling Lane Plano, TX 3

4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$2,250

$1.02
4256 Munnings Place Plano, TX 1

3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1993
LEASED 12/09/19
Rent

Rent Per SQFT

$1,995

$0.96
4432 Bentley Drive Plano, TX 2

3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1984
LEASED 05/22/20
Rent

Rent Per SQFT

$1,995

$0.96
4409 Barwyn Lane Plano, TX 4

3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,116 Sqft ∙ Built 1984
LEASED 08/04/20
Rent

Rent Per SQFT

$2,295

$1.08
2625 Pickwick Lane Plano, TX 5

4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1985
LEASED 02/05/20
Rent

Rent Per SQFT

$2,400

$1.00

PROPERTY LISTING DETAILS

Cindy Ballard
Ebby Halliday, Realtors

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419142
Last Updated: 08/24/2020

4416 Sterling Lane Plano, TX 75093

INVESTimate

$420,000

$2,250

$117,050

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Daffron Elementary School

Robinson Middle School

Jasper High School

FINANCIALS

$378,000$462,00000$420,000

$2,025$2,47500$2,250

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$420,000

$2,250

0.54%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,550

1.75

$6,012

$420,000

$190.91

$338,531

$153.88

COMPS RANGE

PRICE COMPS ANALYSIS

$2,250

$1.02

$2,200

$1

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS