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4636 Gardenia Way Plano, TX 75093

3 Beds 2 Baths 1,667 sqft Built 1996

INVESTimate

$425,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$450,755  ( +6.06%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $254.95
  • 7 Days on Market
  • MLS # : 14399569
  • Updated Date : 08/23/2020 at 13:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,667 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

UNBELIEVABLY UPDATED single story home on oversized corner lot. Over $150K in recent updates! Renovated chef's kitchen w-~inviting family room w-FP~private outdoor LA w-pool~spa~cov patio PLUS huge side yard. Primary suite offers sitting area~designer lighting & fixtures~dual sinks~jacuzzi soaker tub~ seamless glass shower~custom marble walls~floors~countertops & OVE toilet & bidet w-seat warmer. Two spacious guest BDs w-updated paint~light fixtures~engineered hrdwd flrs. Guest bathroom shines w-flr to ceiling Carrara tiled walls & floor~Jacuzzi tub~marble vanity & LED lighting. Roof & gutters replaced in 2017~pool resurfaced & HVAC ductwork replaced in 2015. Extensive list of updates avail.

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 Green

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k628k

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

Neighborhood: Preston Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,568
Property Tax -$723
Property Insurance -$124
HOA -$13
Property Management Fees -$99
CASH FLOW
-$526

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.

$425,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.06%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,980
1$1,9802$1,9953$2,0004$2,1755$2,250
$2,250
RENT COMPS ANALYSIS
  • 4636 Gardenia Way Plano, TX 3
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 4021 Desert Mountain Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1994
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.18
    •  
  • 4613 Parnell Lane Plano, TX 2
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1995
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.16
    •  
  • 4829 Bear Run Drive Plano, TX 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1994
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.18
    •  
  • 4716 Frost Hollow Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1995
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.26
    •  
PROPERTY LISTING DETAILS
Jan Chavoya
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14399569
Last Updated: 08/23/2020
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