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4452 Birdsong Lane Plano, TX 75093

4 Beds 3 Baths 2,173 sqft Built 1981

$380,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
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

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: Preston Cove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k587k

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

Neighborhood: Preston Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

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
$1,895
1$1,8952$1,9953$2,0504$2,1405$2,195
$2,195
RENT COMPS ANALYSIS
  • 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
Thomas Bills
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499404
Last Updated: 01/17/2021
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