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5824 Lennox Hill Drive Plano, TX 75093

5 Beds 5 Baths 3,727 sqft Built 1996

$579,000

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $155.35
  • 3 Days on Market
  • MLS # : 14467645
  • Updated Date : 11/27/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,727 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Plano West schools! Lovely two story home nestled in an established neighborhood and surrounded by lush trees. Soaring ceilings and wide open spaces will enchant friends and family, complete with warm wood floors and sunny windows with spectacular views. Ex. study (Can also be used as a 5th bdrm), boasts a wall of built-ins plus large closet. Spacious family room has cozy gas log fireplace and leads to a gourmet kitchen featuring Viking Professional appliances and butler's pantry. Master suite is down with charming bathroom and impressive walk-in closet! Up is a game or media room plus 3 bedrooms, one with en-suite bath. Sparkling pool and spa will provide hours of fun all year round in lush, private setting.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $123k861k

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

Neighborhood: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264078

* 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
Barksdale Elementary School Primary Regular 629 43 9
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Barksdale Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 43
9
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
 

$521,100$636,900$579,000

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$2,136
Property Tax -$985
Property Insurance -$243
HOA -$31
Property Management Fees -$99
CASH FLOW
$386

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.

$579,000

PROJECTED PRICE

$3,880

PROJECTED RENT

0.67%

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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$73,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,880

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,923

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8803$3,9504$4,0005$4,150
$4,150
RENT COMPS ANALYSIS
  • 5824 Lennox Hill Drive Plano, TX 2
    • 5 beds 5 baths ∙ 3,727 Sqft ∙ Built 1996 5 beds 5 baths ∙ 3,727 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $1.04
    •  
  • 6104 Birkdale Drive Plano, TX 1
    • 5 beds 4 baths ∙ 3,530 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,530 Sqft ∙ Built 1991
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.99
    •  
  • 6425 Blacktree Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,811 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,811 Sqft ∙ Built 1995
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.04
    •  
  • 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
    •  
  • 6900 Grand Hollow Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,826 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,826 Sqft ∙ Built 2001
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.08
    •  
PROPERTY LISTING DETAILS
Sharon Ketko
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467645
Last Updated: 11/27/2020
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