Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- # 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 | $3,750 |
| 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
| 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
$188,335
LOAN DETAILS
$2,542
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
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
-
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
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487081
Last Updated: 12/19/2020
