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

4516 Crowley Drive Plano, TX 75093

3 Beds 2 Baths 1,795 sqft Built 1983

$315,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $175.49
  • 2 Days on Market
  • MLS # : 14465920
  • Updated Date : 11/07/2020 at 17:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,795 sqft
  • Baths : 2 full
Listing Agent

31 Realty, Llc

Listing Agent's Description

MUST SEE. THIS CHARMING ONE STORY HOME CONVENIENTLY LOCATED IN A FAMILY-FRIENDLY COMMUNITY. LARGE FAMILY ROOM WITH FIREPLACE AND BEAUTIFUL PANELLED WALLS, TWO SKYLIGHTS, MASTER SUITE HAS LARGE SITTING AREA, LOTS OF CABINETS AND GREAT COUNTER SPACE. GREAT PLANO ISD. WALKING DISTANCE TO HIGHTOWER ELEMENTARY AND THE PARK. EASY ACCESS TO SHOPPING, DINNING AND ENTERTAINMENT AREAS. GREAT STARTER HOME OR INVESTMENT PROPERTY.

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 Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k587k

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

Neighborhood: Preston Ridge

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,162
Property Tax -$536
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$18

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.

$315,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9103$1,9954$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 4516 Crowley Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.06
    •  
  • 4549 Early Morn Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1983
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.09
    •  
  • 2408 Verona Court Plano, TX 3
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 4644 Ringgold Lane Plano, TX 4
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1981
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
  • 4505 Crowley Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1982
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Shu Wen
31 Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465920
Last Updated: 11/07/2020
BESbswy