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5805 Cardigan Drive Plano, TX 75093

5 Beds 4 Baths 3,788 sqft Built 1997

$640,000

List Price

$3,820

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • # 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

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $123k926k

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

Neighborhood: Castlemere

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263795

* 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
 

$576,000$704,000$640,000

PURCHASE PRICE

$3,438$4,202$3,820

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

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
$3,700
1$3,7002$3,8203$3,8504$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 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
Cynthia Day
Trusted Results Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488702
Last Updated: 12/19/2020
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