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5005 Pemberton Plano, TX 75074

4 Beds 3 Baths 2,317 sqft Built 2017

$410,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $176.95
  • 3 Days on Market
  • MLS # : 14467106
  • Updated Date : 11/06/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,317 sqft
  • Baths : 3 full
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Located just minutes from Plano’s revitalized historic downtown, Pecan Hollow Golf Course, & lovely parks, this gorgeous Malibu Estates home is sure to impress! Beautiful curb appeal, a grand foyer entry, high ceilings, Chef’s kitchen with gas cooktop, custom vent-a-hood and cabinetry, huge granite topped island with breakfast bar, & 2 pantries all open to living room with coffered ceilings & fireplace. 3 bedrooms downstairs & a huge flex space up that works well as 4th bed & bath, game room, or office. Master retreat boasts spa-like bath & huge walk-in closet. Freshly painted in neutral color, over $8000 in Plantation shutters, private backyard for outdoor enjoyment, and coveted PISD add to this homes appeal.

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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

Zip Code: 75074

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k370k

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

Zip Code: 75074

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10232224

* 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
Dooley Elementary School Primary Regular 401 35 6
Armstrong Middle School Middle Regular 681 55 5
Mcmillen High School High Regular 1,088 70 8

Dooley Elementary School

  • Education Level: Primary
  • # of students: 401
  • # of teachers: 35
6
GreatSchools Rating

Armstrong Middle School

  • Education Level: Middle
  • # of students: 681
  • # of teachers: 55
5
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,513
Property Tax -$698
Property Insurance -$161
HOA -$52
Property Management Fees -$99
CASH FLOW
-$152

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$410,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$12,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,2004$2,3705$2,500
$2,500
RENT COMPS ANALYSIS
  • 5005 Pemberton Plano, TX 4
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.02
    •  
  • 5609 Rickshaw Lane Plano, TX 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 2002
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 3511 Christopher Lane Richardson, TX 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1998
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 4412 Laney Court Richardson, TX 3
    • 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,318 Sqft ∙ Built 1999
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 1104 Melcer Street Plano, TX 5
    • 3 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,317 Sqft ∙ Built 2017
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ellen Lewis
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467106
Last Updated: 11/06/2020
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