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4809 Durham Drive Plano, TX 75093

3 Beds 3 Baths 2,339 sqft Built 2011

$440,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $188.11
  • 4 Days on Market
  • MLS # : 14477128
  • Updated Date : 01/23/2021 at 11:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,339 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sharon Ketko Realty

Listing Agent's Description

**OPEN HOUSE SAT. JAN. 23RD FROM 1-4 PM** Incredible opportunity to own a pristine home in an outstanding Plano location! Gorgeous stone and brick exterior, private side entrance lead to a stunning interior with wood floors, neutral paint, living-dining area with 19ft ceiling, Plantation shutters and more! Gourmet kitchen has granite counters, 5 burner gas cooktop, double ovens plus roomy breakfast nook! Retreat to the first floor master suite with backyard views. Relax in the jetted tub, enjoy a spacious walk-in closet and stay organized with the oversized vanity with dual sinks. Upstairs you'll find a game room, media room, plus 2 bedrooms.

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 Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k700k

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

Neighborhood: Preston Village

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
Hightower Elementary School Primary Regular 549 39 9
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Hightower Elementary School

  • Education Level: Primary
  • # of students: 549
  • # of teachers: 39
9
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,528
Property Tax -$749
Property Insurance -$162
HOA -$284
Property Management Fees -$99
CASH FLOW
-$442

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.

$440,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.54%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$508

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,240

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,1953$2,2954$2,3005$2,380
$2,380
RENT COMPS ANALYSIS
  • 4809 Durham Drive Plano, TX 5
    • 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.02
    •  
  • 4628 Allamore Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1995
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.94
    •  
  • 4013 Lantana Lane Plano, TX 2
    • 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,179 Sqft ∙ Built 1997
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 2621 Pine Springs Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1994
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.91
    •  
  • 4616 Sunnybrook Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1997
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
PROPERTY LISTING DETAILS
Sharon Ketko
Sharon Ketko Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477128
Last Updated: 01/23/2021
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