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6713 Osage Trail Plano, TX 75023

4 Beds 3 Baths 2,267 sqft Built 1988

$340,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $149.98
  • 2 Days on Market
  • MLS # : 14518823
  • Updated Date : 03/20/2021 at 10:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Welcome home to this updated, move in ready 2 story located in highly sought after Hunters Ridge subdivision within Plano ISD. Entire home was cosmetically renovated in 2019. Luxury vinyl plank flooring throughout the main level was installed March 2021. Kitchen features white cabinets, tile backsplash, granite counter tops, & stainless steel appliances including a refrigerator & microwave. 2nd floor updated master bath includes granite counter tops, dual sinks, tile floor & shower with frameless glass door, & a large walk in closet. Flexible floor plan offers 4 beds, 2 eating spaces, & 2 living spaces. 2nd living space is perfect for a home office, children's playroom, or media room.

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: Hunters Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Hunters Ridge

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
Thomas Elementary School Primary Regular 617 53 3
Carpenter Middle School Middle Regular 722 58 5
Plano Senior High School High Regular 2,766 155 9

Thomas Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 53
3
GreatSchools Rating

Carpenter Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 58
5
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,181
Property Tax -$578
Property Insurance -$158
Property Management Fees -$99
CASH FLOW
$143

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.

$340,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$28,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,193

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1604$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 6713 Osage Trail Plano, TX 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.95
    •  
  • 2044 Hawken Drive Plano, TX 1
    • 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,082 Sqft ∙ Built 1991
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 6816 Catalpa Trail Plano, TX 2
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1991
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 2001 Mossberg Drive Plano, TX 4
    • 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,207 Sqft ∙ Built 1989
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.99
    •  
  • 1725 Walters Drive Plano, TX 5
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 1994
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
PROPERTY LISTING DETAILS
Carrie Corcoran
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518823
Last Updated: 03/20/2021
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