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4545 Louisville Drive Plano, TX 75093

3 Beds 3 Baths 2,166 sqft Built 1980

$329,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $152.31
  • 4 Days on Market
  • MLS # : 14493170
  • Updated Date : 01/08/2021 at 19:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

Welcome Home! Cute, cute, cute! This charming and immaculate 3 bedroom 2 and a half bath beauty is a true gem! With fresh paint inside and out, NEW fence 2019, NEW windows 2017, NEW roof 2017, NEW AC 2015, and a HUGE backyard, this rare find is move-in ready! Conveniently located to schools, restaurants, shopping, and major highways. Hurry!! It absolutely will not last!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75093

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k786k

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

Zip Code: 75093

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263338

* 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
Weatherford Elementary School Primary Regular 484 42 5
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Weatherford Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 42
5
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 62
6
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,146
Property Tax -$561
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
$342

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.

$329,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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$0.0$5.0k$10k$15k$20k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

9.92

YEARS SAVED

$47,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,328

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,3003$2,3504$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 4545 Louisville Drive Plano, TX 2
    • 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,166 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 4540 Boston Drive Plano, TX 1
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 1982
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 1616 Emory Circle Plano, TX 3
    • 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,217 Sqft ∙ Built 1982
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.06
    •  
  • 4408 Jenning Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1987
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 4532 Eldorado Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1981
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.21
    •  
PROPERTY LISTING DETAILS
Greg Blakey
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493170
Last Updated: 01/08/2021
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