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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $180.10
- 2 Days on Market
- MLS # : 14527976
- Updated Date : 03/06/2021 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,915 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Gorgeous four bedroom three bath with pool in highly sought-after Plano neighborhood, completely updated with new floors, new paint new fixtures and appliances new board on board privacy fence for complete privacy to your back yard and diving pool, too many updates to mention! Large rooms, soaring ceilings, this home features three living areas two eating areas, soaring ceilings, wood burning fireplace and wonderful view out to the pool and freshly landscaped backyard. This property sparkles!
SEE MORE
- 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: Oakwood Glen South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakwood Glen South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$893 | |
| Property Insurance | -$196 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$501
|
||
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
$2,510
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
0.58
YEARS SAVED
$1,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,521
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7016 Hillview Drive Plano, TX 3
- 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,510
- $0.86
-
2305 Flanders Lane Plano, TX 1
- 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,400
- $0.83
-
2504 Skipwith Drive Plano, TX 2
- 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,857 Sqft ∙ Built 1982
LEASED 04/08/20- Rent
- Rent Per SQFT
- $2,450
- $0.86
-
1405 Newbury Lane Plano, TX 4
- 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,650
- $0.90
-
1924 Brabant Drive Plano, TX 5
- 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,700
- $0.87
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527976
Last Updated: 03/06/2021
