Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $174.87
- 3 Days on Market
- MLS # : 14499404
- Updated Date : 01/17/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,173 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
**MULTIPLE OFFERS RECEIVED - SUBMIT BEST & FINAL BY Monday at 9:00am.** Spacious 4 bed, 2.5 bath home in desirable Preston Cove. Home updates include freshly painted interior, foundation repaired-lifetime warranty(2020), double pane windows(2020), pool, tile & coping resurfaced(2019), cedar fence(2019), & roof(2018). Open & bright living room with cozy fireplace, & vaulted ceilings with decorative wood beams. Kitchen offers granite counters, SS appliances, & an eat-in breakfast area. Primary suite with beautiful barn door, dual vanities, & large walk-in shower. Upstairs you will find 3 bedrooms & one full bath. Beautiful backyard oasis with sparkling pool & spa, covered cabana & 8' board on board cedar fence.
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
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 | $2,140 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$647 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$78
|
||
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.
$380,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.56%
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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
3.58
YEARS SAVED
$12,735
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,108
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
4452 Birdsong Lane Plano, TX 4
- 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,173 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $0.98
-
2317 Choctaw Drive Plano, TX 1
- 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
-
4649 Ringgold Lane Plano, TX 2
- 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 1981
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,995
- $0.94
-
4625 Versailles Lane Plano, TX 3
- 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1983
![property image]()
LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,050
- $0.98
-
4525 Newcombe Drive Plano, TX 5
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1980
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,195
- $1.04
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499404
Last Updated: 01/17/2021
