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5112 Teddington Park Drive Plano, TX 75023

3 Beds 2 Baths 2,146 sqft Built 1995

INVESTimate

$330,000

List Price

$1,970

$1,773 - $2,167

Rent Est.

$359,733  ( +9.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $153.77
  • 6 Days on Market
  • MLS # : 14415001
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,146 sqft
  • Baths : 2 full
Listing Agent

United Real Estate Dfw

Listing Agent's Description

Lovely Paul Taylor custom home. Formal living and dining flank the entrance. Wood floors in kitchen, breakfast, den and entry. Breakfast bar, island, large pantry and white appliances round out the kitchen. Master bath includes separate shower and tub, two sinks with knee space and walk in closet. Other room is closet, storage room. Side patio with extended stone path. Trees, landscaped, sprinkler system, and wood fence.

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: Emerald Lane

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Emerald Lane

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
Wells Elementary School Primary Regular 580 42 7
Haggard Middle School Middle Regular 860 53 7
Plano Senior High School High Regular 2,766 155 9

Wells Elementary School

  • Education Level: Primary
  • # of students: 580
  • # of teachers: 42
7
GreatSchools Rating

Haggard Middle School

  • Education Level: Middle
  • # of students: 860
  • # of teachers: 53
7
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,773$2,167$1,970

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,218
Property Tax -$561
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
-$59

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.

$330,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$14,735

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9753$2,0754$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 5112 Teddington Park Drive Plano, TX 1
    • 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.92
    •  
  • 6308 Candlepath Trail Plano, TX 2
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1987
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
  • 4044 Lamorna Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,242 Sqft ∙ Built 1994
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.93
    •  
  • 3708 Racquet Court Plano, TX 4
    • 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 1988
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 6200 Candlepath Trail Plano, TX 5
    • 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brenda Cole
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415001
Last Updated: 08/22/2020
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