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4429 Briar Hollow Drive Plano, TX 75093

3 Beds 3 Baths 2,862 sqft Built 1998

$449,950

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $157.22
  • 4 Days on Market
  • MLS # : 14484049
  • Updated Date : 12/10/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,862 sqft
  • Baths : 2 full , 1 half
Listing Agent

Spencer Realtors

Listing Agent's Description

BEAUTIFULLY MAINTAINED... OPEN, LIGHT & BRIGHT, 1 STORY, LOCATED IN UPSCALE HIGHLANDS OF PRESTON RIDGE!! Travertine and Wood Flooring, High Ceilings, and Crown Moldings make this home so inviting! The open, circular flow, along with the Raised Extended Serving Bar in the kitchen, helps to make this the perfect home for anyone who enjoys entertaining! Kitchen features Rich Wood Cabinets, Granite C-tops, Downdraft Jenn Aire cooktop and Bosch Convection oven! Spacious Master Suite offers a Jetted Tub, Separate Shower, and a long Walk-in Closet. From the guest hallway, you will find 2 Spacious Bedrooms separated by a Living Area, which would make a Perfect Playroom, Gameroom or Home Office! Oversize Garage!!

SEE MORE

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: Highlands of Preston Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k789k

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

Neighborhood: Highlands of Preston Ridge

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
Hightower Elementary School Primary Regular 549 39 9
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Hightower Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 39
9
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$404,955$494,945$449,950

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,660
Property Tax -$766
Property Insurance -$193
HOA -$19
Property Management Fees -$99
CASH FLOW
-$26

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.

$449,950

PROJECTED PRICE

$2,710

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,987

INVESTMENT

$124,987

Down Payment
$112,488
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,488
Loan Amount $337,463
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,760

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6503$2,7104$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 4429 Briar Hollow Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,862 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,862 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.95
    •  
  • 4209 Mildenhall Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1996
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.97
    •  
  • 4213 Warminster Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1996
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.88
    •  
  • 3501 Alsten Lane Plano, TX 4
    • 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,816 Sqft ∙ Built 1986
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.03
    •  
  • 4717 De Grey Lane Plano, TX 5
    • 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,981 Sqft ∙ Built 1995
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lori Spencer
Spencer Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484049
Last Updated: 12/10/2020
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