Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6404 Dunmoor Drive Plano, TX 75093

4 Beds 3 Baths 3,077 sqft Built 1995

$525,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $170.62
  • 3 Days on Market
  • MLS # : 14536216
  • Updated Date : 03/19/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,077 sqft
  • Baths : 3 full
Listing Agent

Melissa Renfro Realty Group

Listing Agent's Description

Ultra Classy, light, bright, updated West Plano home with a great location and perfect floorplan. Home features beautiful wood floors in main areas and updated kitchen with granite countertops, island, and breakfast bar that overlooks the large family room with tall windows, soaring ceilings, and electric shades. Master bedroom plus another bedroom and full bath down. Large master includes a sitting area and well lit, glamorously updated master bath with seamless shower, separate vanities and a gorgeous tub.Upstairs game room features a fantastic custom built in with great storage and desk space.Private backyard big enough for a pool with board on board fence, covered patio, and fireplace perfect for relaxing.

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: Parkbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $123k800k

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

Neighborhood: Parkbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263751

* 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
 

$472,500$577,500$525,000

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 -$1,824
Property Tax -$893
Property Insurance -$205
HOA -$29
Property Management Fees -$99
CASH FLOW
$120

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.

$525,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$33,921

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
  • $1.03

    LIST RENT PER SQFT
  • $2,992

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,9953$3,1704$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 6404 Dunmoor Drive Plano, TX 3
    • 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.03
    •  
  • 5817 Kingsbrook Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 1994
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 3313 Westway Court Plano, TX 2
    • 4 beds 4 baths ∙ 3,225 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,225 Sqft ∙ Built 1997
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.93
    •  
  • 6113 Glenhollow Drive Plano, TX 4
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 1992
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 5820 Westmont Drive Plano, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Melissa Renfro
Melissa Renfro Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536216
Last Updated: 03/19/2021
BESbswy