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5976 Edinburgh Drive Plano, TX 75093

5 Beds 4 Baths 3,462 sqft Built 1992

$689,900

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $199.28
  • 2 Days on Market
  • MLS # : 14477772
  • Updated Date : 11/27/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,462 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Beautiful home in exclusive Willow Bend in west Plano. Close to DNT Tollway and Legacy West amenities! Home is flooded w natural light + updated transitional interior - gorgeous wide plank wood floors on lower level, 2 FPs, white kitchen, soft gray walls & more! All baths have been updated & master has beautiful tile work, luxurious free standing tub & spacious closet w custom cabinetry. Great flex space on lower level w room for 2nd living or office + guest room. Generous family space upstairs w enclosed game room & 3 spacious bedrooms, including an en-suite. Etched epoxy floors in oversized rear entry garage. Enjoy year round private outdoor entertaining area w pool & spa, extended patio, firepit & TV!

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
 

$620,910$758,890$689,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$2,545
Property Tax -$1,174
Property Insurance -$227
HOA -$40
Property Management Fees -$99
CASH FLOW
-$395

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.

$689,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.53%

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

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,574

INVESTMENT

$188,574

Down Payment
$172,475
Rehab Estimate
$5,750
Closing Costs
$10,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,545

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,475
Loan Amount $517,425
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$11,376

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,661

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,6904$3,9505$4,000
$4,000
RENT COMPS ANALYSIS
  • 5976 Edinburgh Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,462 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,462 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.07
    •  
  • 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
    •  
  • 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 4
    • 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
Glee Jacobs
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477772
Last Updated: 11/27/2020
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