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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $158.89
- 2 Days on Market
- MLS # : 14488726
- Updated Date : 12/19/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,707 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Beautiful home with thousands of dollars worth of upgrades, corner lot with pool, play yard and 3 car garage! Outdoor living area features built-in grill, refrigerator, storage drawers & mounted TV. All custom LoE-366 glass, argon, tinted windows recently installed throughout. Large kitchen with granite countertops, island, breakfast bar and a bonus desk! Master & secondary bedroom with 2.5 baths down and 2 bedroom & nice size gameroom up. Study features bay window and built in book shelves. New HVAC unit, hot water heaters less than 3 years old, roof & gutters replaced 2 years ago! Awesome location!
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: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,810 |
| EXPENSES | Loan Payment | -$2,173 |
| Property Tax | -$1,002 | |
| Property Insurance | -$241 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$263
|
||
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.
$589,000
PROJECTED PRICE
$3,810
PROJECTED RENT
0.65%
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
$161,835
LOAN DETAILS
$2,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
7.17
YEARS SAVED
$60,297
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,810
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$3,902
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
5900 Lennox Hill Drive Plano, TX 2
- 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $3,810
- $1.03
-
6104 Birkdale Drive Plano, TX 1
- 5 beds 4 baths ∙ 3,530 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,530 Sqft ∙ Built 1991
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
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
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
LEASED 09/16/20- Rent
- Rent Per SQFT
- $4,150
- $1.08
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488726
Last Updated: 12/19/2020
