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4501 Evenstar Way Plano, TX 75074

3 Beds 3 Baths 2,163 sqft Built 2016

$415,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $191.86
  • 7 Days on Market
  • MLS # : 14472204
  • Updated Date : 11/20/2020 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,163 sqft
  • Baths : 3 full
Listing Agent

Orchard Brokerage

Listing Agent's Description

Click the Virtual Tour link to view the 3D Matterport walkthrough. Immaculate single-story home on a spacious lot close to schools and Pecan Hollow Golf Course. Open concept with generous rooms sizes, beautiful vaulted ceilings with crown molding, and impressive wood flooring are notable features that carry thought-out the home. The home offers formal dining with a chandelier and an office with french doors. The family room with fireplace is open to the kitchen and breakfast area. The luxury kitchen package boasts stainless steel appliances, granite counters, gorgeous cabinets, a breakfast bar, and a walk-in pantry. Luxurious master suite with a five-piece bath and walk-in. Covered patio and private yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 75074

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Zip Code: 75074

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10232224

* 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
Stinson Elementary School Primary Regular 593 43 9
Otto Middle School Middle Regular 990 66 7
Plano East Senior High School High Regular 2,841 183 8

Stinson Elementary School

  • Education Level: Primary
  • # of students: 593
  • # of teachers: 43
9
GreatSchools Rating

Otto Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 66
7
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,531
Property Tax -$706
Property Insurance -$152
HOA -$64
Property Management Fees -$99
CASH FLOW
-$173

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$5.0k$0.0$5.0k$10k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$11,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,082

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,1954$2,2005$2,380
$2,380
RENT COMPS ANALYSIS
  • 4501 Evenstar Way Plano, TX 5
    • 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,163 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.10
    •  
  • 5609 Rickshaw Lane Plano, TX 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 3511 Christopher Lane Richardson, TX 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1998
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 3909 Clifton Drive Richardson, TX 3
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 4412 Laney Court Richardson, TX 4
    • 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 1999
    property image
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Alix Spruce
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472204
Last Updated: 11/20/2020
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