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5904 Sandhills Circle Plano, TX 75093

5 Beds 4 Baths 3,255 sqft Built 1990

$615,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $188.94
  • 4 Days on Market
  • MLS # : 14522365
  • Updated Date : 02/27/2021 at 13:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,255 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Exquisite home settled on a lushly landscaped lot with large windows. This charming 2-story brick estate offers beautiful interior features. The foyer welcomes you with soaring ceilings, meticulous detailing throughout, and leads to the formal living area featuring bright windows and cozy fireplace. Gourmet kitchen offers stainless appliances, white cabinets, and plenty of storage space. Family room features a fireplace, wall of windows, and gorgeous views of the backyard and pool! Master suite offers large windows and a cozy sitting area. The spa-like master bath has tall ceilings, large shower, lots of counter space, and a vanity area. The backyard is a true paradise hosting a sparkling pool and spa!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Windhaven Farms

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $123k828k

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

Neighborhood: Windhaven Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263896

* 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
 

$553,500$676,500$615,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$2,136
Property Tax -$1,046
Property Insurance -$215
HOA -$52
Property Management Fees -$99
CASH FLOW
$31

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.

$615,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$31,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,507

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,4003$3,5004$3,5805$3,950
$3,950
RENT COMPS ANALYSIS
  • 5904 Sandhills Circle Plano, TX 4
    • 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,255 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.10
    •  
  • 6113 Glenhollow Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1992
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 5820 Westmont Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.05
    •  
  • 5829 Westmont Drive Plano, TX 3
    • 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 1996
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.05
    •  
  • 3200 Gleneagles Court Plano, TX 5
    • 4 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.17
    •  
PROPERTY LISTING DETAILS
Cindy O'gorman
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522365
Last Updated: 02/27/2021
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