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4449 Ballinger Court 
Plano, TX
75093
3 Beds 3 Baths 2,075 sqft
Built 1984
INVESTimate
$349,900
List Price
$98,474
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PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $168.63
- 3 Days on Market
- MLS # : 14415839
- Updated Date : 08/24/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,075 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
Striking one story custom home in sought after Park-Preston area on a cul-de-sac!Inviting entry & dining room highlighted by hardwood floors.Formal living accented by stone fireplace,picture frame paneling.Gourmet kitchen boasts stained cabs, corian countertops, built-in double ovens & microwave,c- tile floors.Family room with stained paneling,ceiling fan, wet bar.Study. Romantic master suite with luxurious master bath offering his-her sinks,soaking tub, sep. shower,stained glass window, c-tile floor.Bedrooms two & three share full bath. Serene bkyd with patio,lush landscaping.No popcorn ceilings! Recent updates:comp. roof (2018),hot water heater (2019),4 ton 14 seer HVAC system( 7-2019) Convenient location!
SEE MORE
- . 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
Zip Code: 75093
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75093
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$595 | |
| Property Insurance | -$147 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$349,900
PROJECTED PRICE
$2,130
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.06% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
4.92
YEARS SAVED
$20,712
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,122
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
4449 Ballinger Court Plano, TX 2
- 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $2,130
- $1.03
-
4505 Jenning Drive Plano, TX 1
- 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1985
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
-
4433 Jenning Drive Plano, TX 3
- 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1988
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,150
- $0.97
-
1616 Emory Circle Plano, TX 4
- 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1982
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,350
- $1.06
-
4324 Hartford Drive Plano, TX 5
- 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 1986
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $2,400
- $1.11
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14415839
Last Updated: 08/24/2020
