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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $188.63
- 3 Days on Market
- MLS # : 14498379
- Updated Date : 01/22/2021 at 20:19
CONSTRUCTION
- Beds : 4
- Floor Size : 1,988 sqft
- Baths : 2 full
Listing Agent
Keller Williams Urban Dallas
Listing Agent's Description
Great floor plan with tons of light in this welcoming 3 bed 2 (full) bath home. This mid-century modern is located in the heart of Plano with easy access to Plano ISD. Gorgeous living spaces showcase an open concept layout centered around a gas fireplace - perfect for cozy winter days with friends & family. Kitchen & dining areas offer tons of space for entertaining with a beautiful backsplash, stainless-steel appliances & granite countertops. Huge master bath with double vanities. Convenient 2-car garage. Arrowhead Park and plenty of other green spaces located just around the corner. Act fast before it’s gone!
SEE MORE
- 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: Preston Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Preston Cove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$638 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$375,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
1.58
YEARS SAVED
$3,475
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,023
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
4424 Early Morn Drive Plano, TX 2
- 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,930
- $0.97
-
4521 Ringgold Lane Plano, TX 1
- 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
LEASED 02/09/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
2408 Verona Court Plano, TX 3
- 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,995
- $1.02
-
4505 Crowley Drive Plano, TX 4
- 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
4525 Newcombe Drive Plano, TX 5
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1980
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,195
- $1.04
PROPERTY LISTING DETAILS
Keller Williams Urban Dallas
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498379
Last Updated: 01/22/2021
