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6624 Pinebluff Drive Plano, TX 75074

4 Beds 3 Baths 2,800 sqft Built 1999

$349,880

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $124.96
  • 3 Days on Market
  • MLS # : 14462050
  • Updated Date : 11/01/2020 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Home

Listing Agent's Description

This move-in ready home is beautifully updated with granite countertop, new shower in masker bathroom and 2nd bathroom, new carpet in all upstairs rooms and living room. The home features 4 bedrooms, 2 full baths and 1 half bath, 2 living areas, 2 dining areas and a laundry room. Plano ISD, matured community in a great location!

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: Timberbrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Timberbrook Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Mccall Elementary School Primary Regular 555 39 7
Bowman Middle School Middle Regular 811 63 5
Plano East Senior High School High Regular 2,841 183 8

Mccall Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 39
7
GreatSchools Rating

Bowman Middle School

  • Education Level: Middle
  • # of students: 811
  • # of teachers: 63
5
GreatSchools Rating

Plano East Senior High School

  • Education Level: High
  • # of students: 2,841
  • # of teachers: 183
8
GreatSchools Rating
 

$314,892$384,868$349,880

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,291
Property Tax -$595
Property Insurance -$189
HOA -$37
Property Management Fees -$99
CASH FLOW
-$121

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.

$349,880

PROJECTED PRICE

$2,090

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,468

INVESTMENT

$98,468

Down Payment
$87,470
Rehab Estimate
$5,750
Closing Costs
$5,248

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,470
Loan Amount $262,410
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,086

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0903$2,0954$2,0955$2,250
$2,250
RENT COMPS ANALYSIS
  • 6624 Pinebluff Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.75
    •  
  • 3104 Pataula Lane Plano, TX 1
    • 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,769 Sqft ∙ Built 1997
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.70
    •  
  • 6712 Bankhead Lane Plano, TX 3
    • 4 beds 4 baths ∙ 2,754 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,754 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 2809 Gooseberry Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2005
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 3653 Danbury Lane Plano, TX 5
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 2013
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
PROPERTY LISTING DETAILS
Yao Shen
Dfw Home
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462050
Last Updated: 11/01/2020
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