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5964 Tipperary Drive Plano, TX 75093

4 Beds 4 Baths 3,504 sqft Built 1995

$700,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $199.77
  • 3 Days on Market
  • MLS # : 14532209
  • Updated Date : 03/20/2021 at 08:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,504 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Beautifully updated home on a corner lot in the heart of Willow Bend. From the sparkling pool to the chef’s kitchen & wetbar, this home is made to entertain. Enjoy gleaming oak floors, 2 statement fireplaces, elegant crown molding, plantation shutters, & multiple living areas. Kitchen features honed granite counters, custom cabinets, dual ovens, & butler’s pantry. Large 1st level master suite overlooks pool; has large walk-in closet, & soaker tub. Additional main floor bedroom is perfect for long-term guests. Pool was resurfaced & equipment replaced in 2015, Roof is less than 5 years old, HVAC replaced in 2019. Premium location minutes from Legacy West, Willow Bend mall, and fantastic schools

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: Willow Bend West

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $123k960k

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

Neighborhood: Willow Bend West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264556

* 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
Centennial Elementary School Primary Regular 543 38 10
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Centennial Elementary School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 38
10
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
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$2,431
Property Tax -$1,191
Property Insurance -$230
HOA -$40
Property Management Fees -$99
CASH FLOW
-$41

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.

$700,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$29,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $3,697

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,5003$3,9504$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 5964 Tipperary Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,504 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,504 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.13
    •  
  • 6228 Old York Drive Plano, TX 1
    • 5 beds 4 baths ∙ 3,416 Sqft ∙ Built 1993 5 beds 4 baths ∙ 3,416 Sqft ∙ Built 1993
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.98
    •  
  • 2704 Barrington Drive Plano, TX 2
    • 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 1994 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 1994
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
  • 3200 Gleneagles Court Plano, TX 3
    • 4 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,385 Sqft ∙ Built 1997
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.17
    •  
  • 5813 Dorset Drive Plano, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kathy Hewitt
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532209
Last Updated: 03/20/2021
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