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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $168.95
- 2 Days on Market
- MLS # : 14488702
- Updated Date : 12/19/2020 at 03:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,788 sqft
- Baths : 4 full
Listing Agent
Trusted Results Realty, Llc
Listing Agent's Description
Gorgeous home in West Plano Schools! The chef in the family will appreciate the gas Wolf cooktop grill and double convection ovens that make baking easy. Open kitchen, dining, and living is the perfect place to gather. Downstairs master and media room! Flex room could be a study, game, exercise, play, or school room. BR and full BA on first floor is ideal for in-laws and guests. Quality shines w handscraped hardwoods and solid 8ft doors for ultimate privacy. Spacious master BA newly updated w LARGE walkin shower. Upstairs Jack&Jill BA with private sink vanities rule out drama! Need LOTS of storage? OVER 200sqft of walkin attic space! Easy walk to paved hike bike trails, Windhaven Meadows playground & dog park.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Castlemere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Castlemere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,820 |
| EXPENSES | Loan Payment | -$2,361 |
| Property Tax | -$1,089 | |
| Property Insurance | -$246 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$640,000
PROJECTED PRICE
$3,820
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,350
LOAN DETAILS
$2,361
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $160,000 |
| Loan Amount | $480,000 |
4.5
YEARS SAVED
$35,020
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,820
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$3,968
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
5805 Cardigan Drive Plano, TX 2
- 5 beds 4 baths ∙ 3,788 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,788 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $3,820
- $1.01
-
5901 Toppingham Street Plano, TX 1
- 4 beds 4 baths ∙ 3,935 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,935 Sqft ∙ Built 2000
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $3,700
- $0.94
-
5808 Bassinghall Lane Plano, TX 3
- 4 beds 4 baths ∙ 3,791 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,791 Sqft ∙ Built 1989
![property image]()
LEASED 09/24/20- Rent
- Rent Per SQFT
- $3,850
- $1.02
-
5813 Dorset Drive Plano, TX 4
- 4 beds 4 baths ∙ 3,644 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,644 Sqft ∙ Built 1997
![property image]()
LEASED 11/12/20- Rent
- Rent Per SQFT
- $4,000
- $1.10
-
5604 Hillsborough Drive Plano, TX 5
- 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,711 Sqft ∙ Built 1991
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $4,200
- $1.13
PROPERTY LISTING DETAILS
Trusted Results Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488702
Last Updated: 12/19/2020
