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5716 Cedar Grove Circle Plano, TX 75093

5 Beds 5 Baths 4,200 sqft Built 1998

$699,000

List Price

$4,020

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $166.43
  • 3 Days on Market
  • MLS # : 14467359
  • Updated Date : 11/07/2020 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,200 sqft
  • Baths : 4 full , 1 half
Listing Agent

Everett Shell & Assoc. Realty

Listing Agent's Description

Looking for a beautiful custom home on a quiet cul-de-sac street in Plano, TX? Then this may be the ONE for you! This stunning 5 bed, 4.1 bath, 3 car garage + POOL has recently been painted, landscaped, and new roof installed. Gorgeous vaulted ceilings with with crown moldings and loft area above foyer. 2 gas fireplaces & hardwoods throughout. Home offers 2 bedrooms down with formal living, dining, wet bar, and living room open to kitchen & breakfast nook. Home has a ton of storage & custom built-ins. Upstairs has a large game room over looking balcony and pool, a 2nd master suite, and two bedrooms with jack & Jill bath. The backyard speaks for it self from a 8 ft privacy fence, pergola, & a pool with hot tub!

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: Windhaven

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $123k929k

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

Neighborhood: Windhaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263980

* 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
Brinker Elementary School Primary Regular 724 49 8
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Brinker Elementary School

  • Education Level: Primary
  • # of students: 724
  • # of teachers: 49
8
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,618$4,422$4,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,020
EXPENSES Loan Payment -$2,579
Property Tax -$1,189
Property Insurance -$270
HOA -$43
Property Management Fees -$99
CASH FLOW
-$160

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.

$699,000

PROJECTED PRICE

$4,020

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$26,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,020

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $4,337

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,0203$4,4954$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 5716 Cedar Grove Circle Plano, TX 2
    • 5 beds 5 baths ∙ 4,200 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,200 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,020
    • $0.96
    •  
  • 5712 Cedar Grove Circle Plano, TX 1
    • 5 beds 5 baths ∙ 4,366 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,366 Sqft ∙ Built 1998
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.90
    •  
  • 5805 Spring Glade Court Plano, TX 3
    • 4 beds 4 baths ∙ 4,282 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,282 Sqft ∙ Built 2002
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,495
    • $1.05
    •  
  • 5664 Gleneagles Drive Plano, TX 4
    • 4 beds 4 baths ∙ 4,114 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,114 Sqft ∙ Built 1999
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.09
    •  
  • 6117 Corsica Way Plano, TX 5
    • 5 beds 5 baths ∙ 4,314 Sqft ∙ Built 2013 5 beds 5 baths ∙ 4,314 Sqft ∙ Built 2013
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.09
    •  
PROPERTY LISTING DETAILS
Everett Shell
Everett Shell & Assoc. Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467359
Last Updated: 11/07/2020
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