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6412 Santa Rosa Drive Plano, TX 75024

4 Beds 3 Baths 3,228 sqft Built 1995

$429,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $132.90
  • 4 Days on Market
  • MLS # : 14462127
  • Updated Date : 10/31/2020 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,228 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Meticulous, updated home in premium location in Plano. Beautiful master suite with room size sitting-office area with large walk in closet. Kitchen boasts beautiful upgrades. Split formals downstairs and large second floor game room. TV niche in Family room. Central stairs and large walk in closets in all bedrooms. Great floor plan with wood laminate throughout. New granite in kitchen and bathrooms, new paint throughout, new flooring, new 2 in. blinds, new microwave and oven. Less than 5 minutes from DNT, 121, and great dining and shopping areas, and parks. Lots of storage areas. Award winning Plano ISD. Come and take a LOOK! IT IS A BEAUTY!

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: Midway Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k484k

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

Neighborhood: Midway Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262974

* 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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$1,583
Property Tax -$735
Property Insurance -$214
HOA -$25
Property Management Fees -$99
CASH FLOW
$225

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.

$429,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$47,270

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$3,0003$3,3004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6412 Santa Rosa Drive Plano, TX 1
    • 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.89
    •  
  • 6209 Trailwood Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1994
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 6529 Sleepy Spring Drive Plano, TX 3
    • 3 beds 3 baths ∙ 3,304 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,304 Sqft ∙ Built 2008
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.00
    •  
  • 5820 Westmont Drive Plano, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Susie Grant
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462127
Last Updated: 10/31/2020
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