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4516 Copeland Drive Plano, TX 75024

4 Beds 5 Baths 4,084 sqft Built 2005

$628,000

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $153.77
  • 1 Days on Market
  • MLS # : 14537239
  • Updated Date : 03/21/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,084 sqft
  • Baths : 4 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Prime location. Minutes from Tollway, 121, Legacy West, and Stonebriar Mall. Designer-decorated house with many upgrades--marble entrance, nailed-down wood floor throughout first floor common area except wet areas, dentil molding on kitchen cabinets, powerful vent hood, water filter and instant hot water dispenser in kitchen, flood lights and extra outdoor plugs for holiday lights, foundation drip system, radiant barrier. Media room screen and equipment, study furniture, window treatments, and custom art work stay. Remaining furniture negotiable. Grand family room with 24-foot ceiling in tandem with open upstairs game room is great for entertaining. Large bedrooms with en suite baths and walk-in closets.

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

Neighborhood: Deerfield North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k686k

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

Neighborhood: Deerfield North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263467

* 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 Unknown 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
 

$565,200$690,800$628,000

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$2,181
Property Tax -$1,069
Property Insurance -$263
HOA -$33
Property Management Fees -$99
CASH FLOW
-$535

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.

$628,000

PROJECTED PRICE

$3,110

PROJECTED RENT

0.50%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,170

INVESTMENT

$172,170

Down Payment
$157,000
Rehab Estimate
$5,750
Closing Costs
$9,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,000
Loan Amount $471,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,104

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9003$3,1004$3,1105$3,350
$3,350
RENT COMPS ANALYSIS
  • 4516 Copeland Drive Plano, TX 4
    • 4 beds 5 baths ∙ 4,084 Sqft ∙ Built 2005 4 beds 5 baths ∙ 4,084 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $0.76
    •  
  • 4620 Home Place Plano, TX 1
    • 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 1993 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 1993
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.71
    •  
  • 4509 Saint James Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,926 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,926 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.74
    •  
  • 4556 Kentucky Drive Plano, TX 3
    • 4 beds 4 baths ∙ 4,039 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,039 Sqft ∙ Built 2009
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.77
    •  
  • 4561 Ethridge Drive Plano, TX 5
    • 4 beds 5 baths ∙ 4,084 Sqft ∙ Built 2007 4 beds 5 baths ∙ 4,084 Sqft ∙ Built 2007
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Tracy Manz
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537239
Last Updated: 03/21/2021
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