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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $132.76
- 5 Days on Market
- MLS # : 14488855
- Updated Date : 12/23/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,512 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Highly sought after Deerfield subdivision with Exiemplary schools. This home streams with natural light from numerous large windows throughout the home! The flows is great as it wraps around pool~patio area. Two large living areas down and game room up. Master down in private wing & 3 beds up. Single garage space currently converted to flex room can easily be restored or kept as is. Study with built ins (not pictured), currently used as additional bedroom. Driveway gate installed for additional privacy. This large and spacious home offers abundant opportunity for a new family to make it their own! Great West Plano location provides easy access to shops, restaurants & commute. Schedule your showing today!
SEE MORE
- . 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: Deerfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deerfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,430 |
| EXPENSES | Loan Payment | -$2,210 |
| Property Tax | -$1,019 | |
| Property Insurance | -$288 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$244
|
||
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.
$599,000
PROJECTED PRICE
$3,430
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$164,485
LOAN DETAILS
$2,210
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
2.5
YEARS SAVED
$14,623
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,430
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$3,497
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
4529 Southgate Drive Plano, TX 4
- 4 beds 4 baths ∙ 4,512 Sqft ∙ Built 1987 4 beds 4 baths ∙ 4,512 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $3,430
- $0.76
-
7600 Hamner Lane Plano, TX 1
- 5 beds 4 baths ∙ 4,180 Sqft ∙ Built 1989 5 beds 4 baths ∙ 4,180 Sqft ∙ Built 1989
LEASED 08/28/19- Rent
- Rent Per SQFT
- $3,250
- $0.78
-
4529 Lancelot Drive Plano, TX 2
- 5 beds 4 baths ∙ 4,346 Sqft ∙ Built 1992 5 beds 4 baths ∙ 4,346 Sqft ∙ Built 1992
LEASED 08/05/20- Rent
- Rent Per SQFT
- $3,295
- $0.76
-
3405 Swanson Drive Plano, TX 3
- 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986 5 beds 5 baths ∙ 4,297 Sqft ∙ Built 1986
LEASED 09/22/20- Rent
- Rent Per SQFT
- $3,300
- $0.77
-
3716 Orange Blossom Court Plano, TX 5
- 5 beds 4 baths ∙ 4,448 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,448 Sqft ∙ Built 1996
LEASED 09/01/20- Rent
- Rent Per SQFT
- $3,500
- $0.79
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488855
Last Updated: 12/23/2020
