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6932 Grand Hollow Drive Plano, TX 75024

4 Beds 4 Baths 3,750 sqft Built 2001

$635,000

List Price

$3,480

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.33
  • 4 Days on Market
  • MLS # : 14491882
  • Updated Date : 01/01/2021 at 14:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,750 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Premier Properties

Listing Agent's Description

Absolutely stunning Meticulously maintained and upgraded home in exclusive, sought after Kings Ridge of West Plano, minutes to tollway, Shops of Legacy and Legacy West. Fabulous Floor Plan Master Suite downstairs , beautiful ensuite bath, 3 additional guest rooms upstairs with two baths and a play room, Office with hardwood floors, builtin bookcase, Backyard has pool with fountains, attached spa, lots of decking, covered spaces to relax plus extra yard space for play, a private gated driveway secured and fenced, No neighbors behind the home, total privacy. AMAZING lot, in the middle of Plano! Please see attached list of upgrades. MORE PHOTOS COMING SOON.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Kings Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k635k

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

Neighborhood: Kings Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263887

* 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
Hicks Elementary School Primary Regular 615 43 9
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Hicks Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 43
9
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$571,500$698,500$635,000

PURCHASE PRICE

$3,132$3,828$3,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,480
EXPENSES Loan Payment -$2,343
Property Tax -$1,108
Property Insurance -$244
HOA -$69
Property Management Fees -$99
CASH FLOW
-$382

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.

$635,000

PROJECTED PRICE

$3,480

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 2.9%
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$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$9,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,480

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,806

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,480
1$3,4802$3,6253$3,7504$3,7505$4,150
$4,150
RENT COMPS ANALYSIS
  • 6932 Grand Hollow Drive Plano, TX 1
    • 4 beds 4 baths ∙ 3,750 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,750 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,480
    • $0.93
    •  
  • 6424 Riveredge Drive Plano, TX 2
    • 5 beds 5 baths ∙ 3,801 Sqft ∙ Built 2001 5 beds 5 baths ∙ 3,801 Sqft ∙ Built 2001
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,625
    • $0.95
    •  
  • 7024 Coverdale Drive Plano, TX 3
    • 4 beds 4 baths ∙ 3,654 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,654 Sqft ∙ Built 2005
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.03
    •  
  • 6901 Cannon Falls Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,737 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,737 Sqft ∙ Built 2005
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.00
    •  
  • 6900 Grand Hollow Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,826 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,826 Sqft ∙ Built 2001
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,150
    • $1.08
    •  
PROPERTY LISTING DETAILS
Amber Mckamy
Bhhs Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491882
Last Updated: 01/01/2021
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