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4605 Quiet Circle Plano, TX 75024

4 Beds 4 Baths 3,384 sqft Built 2009

$519,900

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $153.63
  • 3 Days on Market
  • MLS # : 14477945
  • Updated Date : 12/12/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,384 sqft
  • Baths : 4 full
Listing Agent

Kanam Realty Group

Listing Agent's Description

NEWLY renovated Grand Homes popular floor plan located just off of 121 and Coit. $28k home renovation upgrades. Quiet cul-de-sac. 2 MASTER Bedrooms! Exemplary Frisco schools. Entry features wrought iron staircase and modern refinished REAL oak hardwood floors. NEW Carpets throughout! Remodeled Gourmet Kitchen with gray cabinets, granite slab tops, gas cook top and stainless steel appliances. Upstairs Gameroom. 1 Master bath downstairs has quartz vanities.

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: Regency Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k584k

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

Neighborhood: Regency Park

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
Ruth Borchardt Elementary School Primary Regular 727 42 10
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Lebanon Trail High School High Regular NA

Ruth Borchardt Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 42
10
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
 

$467,910$571,890$519,900

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$1,918
Property Tax -$885
Property Insurance -$223
HOA -$40
Property Management Fees -$99
CASH FLOW
-$174

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.

$519,900

PROJECTED PRICE

$2,990

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,524

INVESTMENT

$143,524

Down Payment
$129,975
Rehab Estimate
$5,750
Closing Costs
$7,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,918

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,975
Loan Amount $389,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$15,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,783

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7503$2,7954$2,9005$2,990
$2,990
RENT COMPS ANALYSIS
  • 4605 Quiet Circle Plano, TX 5
    • 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.88
    •  
  • 4521 White Rock Lane Plano, TX 1
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2000
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 4609 Spalding Drive Plano, TX 2
    • 5 beds 4 baths ∙ 3,185 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,185 Sqft ∙ Built 2014
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.86
    •  
  • 4652 Phillip Drive Plano, TX 3
    • 4 beds 4 baths ∙ 3,391 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,391 Sqft ∙ Built 2007
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.82
    •  
  • 4561 Risinghill Drive Plano, TX 4
    • 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000 4 beds 5 baths ∙ 3,555 Sqft ∙ Built 2000
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Kiran Shah
Kanam Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477945
Last Updated: 12/12/2020
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