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5829 Saint Marks Drive Plano, TX 75093

5 Beds 4 Baths 3,618 sqft Built 1998

$689,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $190.44
  • 4 Days on Market
  • MLS # : 14487081
  • Updated Date : 12/19/2020 at 09:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,618 sqft
  • Baths : 4 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Welcome Home to this gorgeous, one of a kind home in prime location in Castlemere Ests in Plano with sought after plano schools. The floorplan is hard to find & offers every space one would want. Very inviting home with tall vaulted ceilings, 4 spacious living areas, fully renovated kitchen with large quartz island & modern cabinets, hardwood floors, new carpet, Master & guest suites on ground flr have fully remodeled baths. Backyard is ideal for entertaining friends & family with a gorgeous pool, covered patio, extra yard on this corner lot home & beautiful landscaping. Located adjacent to the new Windhaven park with a dog park, trails, kids play area. Easy access to schools, Tollways, Legacy West.

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
 

$620,100$757,900$689,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$2,542
Property Tax -$1,172
Property Insurance -$236
HOA -$31
Property Management Fees -$99
CASH FLOW
-$331

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.

$689,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.54%

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$14,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $4,034

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,750
1$3,7502$3,8503$4,0004$4,2005$4,300
$4,300
RENT COMPS ANALYSIS
  • 5829 Saint Marks Drive Plano, TX 1
    • 5 beds 4 baths ∙ 3,618 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,618 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.04
    •  
  • 5808 Bassinghall Lane Plano, TX 2
    • 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 3
    • 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 4
    • 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
    •  
  • 5741 Ridgehaven Drive Plano, TX 5
    • 5 beds 5 baths ∙ 3,550 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,550 Sqft ∙ Built 1993
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.21
    •  
PROPERTY LISTING DETAILS
Radhi Shah
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487081
Last Updated: 12/19/2020
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