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4533 Arlen Drive Plano, TX 75093

4 Beds 3 Baths 2,733 sqft Built 1987

$474,900

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $173.77
  • 3 Days on Market
  • MLS # : 14525462
  • Updated Date : 03/06/2021 at 16:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,733 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

Multiple offer received, Best & Final due Sun March 7th 6pm. This home has many upgrades to meet the needs of today's buyers. When you enter the front door you will experience brand new flooring, tall ceilings followed by a formal living area w an inviting fireplace & a wall of windows for natural lighting. Open kitchen w stainless steel appliances, granite countertops, large breakfast nook & a wet bar that opens up to the formal dining & second living area. The owner's suite has a nice sitting area, a beautifully updated bathroom w a large shower & separate patio to enjoy your morning coffee. Largest secondary bedroom w French doors is being used as a home office. Fenced grass dog run!

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: Preston Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k702k

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

Neighborhood: Preston Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Daffron Elementary School Primary Regular 588 46 7
Robinson Middle School Middle Regular 970 56 9
Jasper High School High Regular 1,406 76 9

Daffron Elementary School

  • Education Level: Primary
  • # of students: 588
  • # of teachers: 46
7
GreatSchools Rating

Robinson Middle School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 56
9
GreatSchools Rating

Jasper High School

  • Education Level: High
  • # of students: 1,406
  • # of teachers: 76
9
GreatSchools Rating
 

$427,410$522,390$474,900

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,650
Property Tax -$808
Property Insurance -$185
HOA -$23
Property Management Fees -$99
CASH FLOW
-$175

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.

$474,900

PROJECTED PRICE

$2,590

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,159

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,432

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2983$2,3954$2,4505$2,590
$2,590
RENT COMPS ANALYSIS
  • 4533 Arlen Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.95
    •  
  • 4713 Bull Run Drive Plano, TX 1
    • 5 beds 4 baths ∙ 2,625 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,625 Sqft ∙ Built 1995
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 4621 Gardenia Way Plano, TX 2
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 1997
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,298
    • $0.85
    •  
  • 4325 Creekstone Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,572 Sqft ∙ Built 1998
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
  • 4412 Stromboli Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1997
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jennifer Laws
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525462
Last Updated: 03/06/2021
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