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5417 Hennessey Road Richardson, TX 75082

4 Beds 4 Baths 3,365 sqft Built 2018

$479,900

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $142.62
  • 2 Days on Market
  • MLS # : 14537914
  • Updated Date : 03/27/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,365 sqft
  • Baths : 3 full , 1 half
Listing Agent

Al Coker & Associates, L.l.c.

Listing Agent's Description

Pristine home nestled in the gated community of Ingram Terrace. Built in 2018 and lightly lived in, this home is just like new. It is located on a premium exterior lot offering extra privacy. The open floor plan provides spacious areas for living and entertaining, upgraded with designer finishes throughout, including beautiful solid hardwood flooring on the first floor. Kitchen features granite counters, stainless appliances and ample storage with added upper cabinetry. First-floor master suite has double sinks, oversized shower and walk-in closet. 3 bedrooms and 2 baths upstairs share a media room and large second living area or game room. Located in PlanoISD. The community features a pool, pavilion dog park.

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: Carrington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k381k

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

Neighborhood: Carrington Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262295

* 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
Schell Elementary School Primary Regular 668 45 8
Otto Middle School Middle Regular 990 66 7
Plano East Senior High School High Regular 2,841 183 8

Schell Elementary School

  • Education Level: Primary
  • # of students: 668
  • # of teachers: 45
8
GreatSchools Rating

Otto Middle School

  • Education Level: Middle
  • # of students: 990
  • # of teachers: 66
7
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,667
Property Tax -$887
Property Insurance -$222
HOA -$137
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.

$479,900

PROJECTED PRICE

$2,570

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,591

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5703$2,6004$2,6505$2,850
$2,850
RENT COMPS ANALYSIS
  • 5417 Hennessey Road Richardson, TX 2
    • 4 beds 4 baths ∙ 3,365 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,365 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.76
    •  
  • 1121 Hyannis Street Plano, TX 1
    • 5 beds 4 baths ∙ 3,510 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,510 Sqft ∙ Built 2004
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 5901 Logan Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,398 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,398 Sqft ∙ Built 2002
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 417 Hawthorne Drive Murphy, TX 4
    • 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,512 Sqft ∙ Built 1999
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.75
    •  
  • 3617 Gloucester Road Richardson, TX 5
    • 4 beds 4 baths ∙ 3,343 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,343 Sqft ∙ Built 2019
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.85
    •  
PROPERTY LISTING DETAILS
Graham Pearce
Al Coker & Associates, L.l.c.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537914
Last Updated: 03/27/2021
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