Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5025 Hudson Drive Plano, TX 75093

4 Beds 3 Baths 3,098 sqft Built 1993

$625,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $201.74
  • 4 Days on Market
  • MLS # : 14478240
  • Updated Date : 12/05/2020 at 10:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,098 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Stunning property in the desirable Shepards Glen subdivision. Remodeled one story home that features a custom floor plan. Beautiful wood moulding on the columns & crown moulding adds to the character and elegance of the house. Engineered hard wood floors throughout adds a subtle contrast to the color of the walls. Quartz waterfall kitchen island with a single bowl full size kitchen sink. Wall of windows in the living room keeps it light & bright. The open floorplan is great for entertaining. The master bedroom is situated privately at the end of the hallway featuring french doors to the outside patio, crown moulding,5.5 inch baseboards. The master bath has a beautifully tiled shower and a stand alone tub.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Shepard's Glen

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k795k

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

Neighborhood: Shepard's Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263484

* 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
Huffman Elementary School Primary Regular 514 36 3
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Huffman Elementary School

  • Education Level: Primary
  • # of students: 514
  • # of teachers: 36
3
GreatSchools Rating

Renner Middle School

  • Education Level: Middle
  • # of students: 1,263
  • # of teachers: 73
7
GreatSchools Rating

Plano West Senior High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$2,306
Property Tax -$1,063
Property Insurance -$206
Property Management Fees -$99
CASH FLOW
-$695

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.

$625,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.48%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,160

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9803$3,0954$3,1255$3,200
$3,200
RENT COMPS ANALYSIS
  • 5025 Hudson Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $0.96
    •  
  • 1525 Parliament Lane Plano, TX 1
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1996
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
  • 5707 Willow Wood Lane Dallas, TX 3
    • 4 beds 5 baths ∙ 2,997 Sqft ∙ Built 1992 4 beds 5 baths ∙ 2,997 Sqft ∙ Built 1992
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.03
    •  
  • 1309 Savannah Drive Plano, TX 4
    • 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 1997
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,125
    • $1.04
    •  
  • 4600 Brook Meadow Lane Plano, TX 5
    • 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1992
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
PROPERTY LISTING DETAILS
Samir Bibi
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478240
Last Updated: 12/05/2020
BESbswy