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6333 Courtland Drive Plano, TX 75093

5 Beds 4 Baths 3,431 sqft Built 1995

$559,900

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $163.19
  • 4 Days on Market
  • MLS # : 14455686
  • Updated Date : 11/06/2020 at 12:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,431 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Location, location, location! Stunning 5-bedroom home on oversized corner lot in W. Plano. Glenhollow Estates. Plano ISD (Barksdale Elementary and Plano West SHS.) Minutes from DNT, Legacy West, The Star and US headquarters to Liberty Mutual, JP Morgan Chase, Toyota USA, Yum Brands, Dr Pepper. Walk to Coyote Creek Park and Parr Library. Close to Arbor Hills Nature Preserve. Open floorplan. Bright family room. Wall of windows opens to private backyard with 2-level Koolcrete deck and diving depth pool. Gorgeous hand-scraped flooring on 1st level. New carpet upstairs. Updated master bath with Carrera marble counters, Jetta Whirlpool tub, rainfall shower and more. Oversized 2-car garage. Piano and frig negotiable

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: Glenhollow Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k788k

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

Neighborhood: Glenhollow Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263574

* 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
Barksdale Elementary School Primary Regular 629 43 9
Renner Middle School Middle Regular 1,263 73 7
Plano West Senior High School High Regular 2,896 165 7

Barksdale Elementary School

  • Education Level: Primary
  • # of students: 629
  • # of teachers: 43
9
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
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,066
Property Tax -$953
Property Insurance -$225
HOA -$28
Property Management Fees -$99
CASH FLOW
-$200

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.

$559,900

PROJECTED PRICE

$3,170

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.8%
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

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$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$16,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,440

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1703$3,4004$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6333 Courtland Drive Plano, TX 2
    • 5 beds 4 baths ∙ 3,431 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,431 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.92
    •  
  • 6533 Riveredge Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,309 Sqft ∙ Built 2003
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.91
    •  
  • 5820 Westmont Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1994
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.05
    •  
  • 5936 Broadmoor Drive Plano, TX 4
    • 5 beds 4 baths ∙ 3,296 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,296 Sqft ∙ Built 1996
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
  • 6104 Birkdale Drive Plano, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
P.j. Evans
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455686
Last Updated: 11/06/2020
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