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4501 Hawkhurst Drive Plano, TX 75024

4 Beds 4 Baths 3,436 sqft Built 2000

$489,900

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $142.58
  • 3 Days on Market
  • MLS # : 14470774
  • Updated Date : 11/13/2020 at 18:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,436 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Well maintained, move-in ready, corner lot home in FRISCO ISD. Heritage Park can be seem from front yard. High ceiling throughout widens interior space. Plenty of windows welcome more natural light inside. Study with window and French doors is ideal for work from home and distance learning. Sizable kitchen, main dining, and breakfast area are great for friends and family events and holiday meals. 4 speaks built-in to ceiling of huge media room enhance the surround sound experiences. Spacious master bedroom has 2 separate roomy closets for him and her. Each bedroom upstairs has its own walk-in closet. Covered patio is perfect for outdoor fun. Trees around provides additional privacy. 3D tour link available.

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 Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k466k

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

Neighborhood: Preston Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262500

* 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
Jessie Marie Riddle Elementary School Primary Regular 753 42 8
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Lebanon Trail High School High Regular NA

Jessie Marie Riddle Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 42
8
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,808
Property Tax -$851
Property Insurance -$226
HOA -$17
Property Management Fees -$99
CASH FLOW
-$479

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.

$489,900

PROJECTED PRICE

$2,520

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$10k-$5.0k$0.0$5.0k

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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,706

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,520
1$2,5202$2,5953$2,6504$2,6955$2,900
$2,900
RENT COMPS ANALYSIS
  • 4501 Hawkhurst Drive Plano, TX 1
    • 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,436 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.73
    •  
  • 4528 Oak Shores Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,516 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,516 Sqft ∙ Built 2000
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 4441 Burnhill Plano, TX 3
    • 4 beds 3 baths ∙ 3,294 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,294 Sqft ∙ Built 1999
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 4521 White Rock Lane Plano, TX 4
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2000
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 4561 Risinghill Drive Plano, TX 5
    • 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Beverly Lu
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470774
Last Updated: 11/13/2020
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