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5412 Faversham Drive Richardson, TX 75082

5 Beds 4 Baths 3,890 sqft Built 1995

$525,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $134.96
  • 4 Days on Market
  • MLS # : 14508499
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,890 sqft
  • Baths : 3 full , 1 half
Listing Agent

Global Realty

Listing Agent's Description

Charming home located minutes from 400+ ac Breckinridge Park and within walking distance to elementary in PISD. Specious living area has tall ceilings with a Large open kitchen. Granite counter top in Kitchen and all bath room. Lots of cabinet Space,. Oversize MASTER RETREAT downstairs. Upstairs has master suite and 3 SPACIOUS Bedrooms with 2 full baths. Huge Game room, great fo kids to play or escape to watch a movie. New Wood floor in entire home, New Roof in 2020, New AC 2021. Convenience to George Bush, 2 golf courses and CityLine.

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: Wyndsor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k383k

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

Neighborhood: Wyndsor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262564

* 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
Miller Elementary School Primary Regular 427 31 8
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Miller Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 31
8
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,824
Property Tax -$971
Property Insurance -$252
HOA -$33
Property Management Fees -$99
CASH FLOW
-$508

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.

$525,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,6004$2,6505$2,670
$2,670
RENT COMPS ANALYSIS
  • 5412 Faversham Drive Richardson, TX 5
    • 5 beds 4 baths ∙ 3,890 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,890 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.69
    •  
  • 7304 High Point Drive Sachse, TX 1
    • 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.66
    •  
  • 4505 Winter Park Drive Richardson, TX 2
    • 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 1999
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.69
    •  
  • 4400 Breckinridge Boulevard Richardson, TX 3
    • 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,995 Sqft ∙ Built 2001
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.65
    •  
  • 5713 Saint Thomas Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2005
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.73
    •  
PROPERTY LISTING DETAILS
Yueh Hsiang
Global Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508499
Last Updated: 01/29/2021
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