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4557 Oak Shores Drive Plano, TX 75024

4 Beds 2 Baths 2,388 sqft Built 1999

$384,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $161.18
  • 3 Days on Market
  • MLS # : 14466138
  • Updated Date : 11/14/2020 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,388 sqft
  • Baths : 2 full
Listing Agent

Champions Real Estate Group

Listing Agent's Description

Come and see this BEAUTIFUL UPGRADED SINGLE STORY home!! Frisco ISD. Enjoy OPEN and BRIGHT floor plan 4 BR, STUDY, and 2 Bath with decorative lighting, interior fresh paint for ready to move in, updated chef's kitchen with spacious granite counter spaces and marble backsplash with new cooktop, handsome wood flooring throughout with tiles in kitchen and bathrooms, second bathroom has double sink, AMAZING backyard to enjoy privacy and many more to list!!

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 Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k466k

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

Neighborhood: Preston Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262500

* 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 Regular 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
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,420
Property Tax -$655
Property Insurance -$165
HOA -$19
Property Management Fees -$99
CASH FLOW
-$198

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.

$384,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.56%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1604$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 4557 Oak Shores Drive Plano, TX 3
    • 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,388 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.90
    •  
  • 4552 Oak Shores Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,284 Sqft ∙ Built 1999
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 4412 Burnhill Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1998
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 8623 Empire Boulevard Plano, TX 4
    • 3 beds 3 baths ∙ 2,319 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,319 Sqft ∙ Built 2006
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 4543 Cape Charles Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1999
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.91
    •  
PROPERTY LISTING DETAILS
Elizabeth Kim
Champions Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466138
Last Updated: 11/14/2020
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