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7109 Chandler Drive Plano, TX 75024

4 Beds 4 Baths 2,838 sqft Built 1994

$410,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $144.47
  • 5 Days on Market
  • MLS # : 14465414
  • Updated Date : 11/05/2020 at 11:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,838 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

This hidden gem is nestled in highly desirable West Plano & well sought-after Plano ISD. Cozy floor plan features kitchen w ample cabinet space & opens to the dining & living room overlooking the oversized backyard. Downstairs, the elegant master suite has new carpet and a bathroom featuring his & her vanities, walk-in closet as well as an updated shower & wood-like tile flooring. Warm right up with the gas starter fireplace that can be viewed from both living areas. Head upstairs to the game room, 3 additional large bedrooms & 2 upgraded full baths, one being a Jack & Jill. Carpet throughout has been recently cleaned. Great location to nearby shopping, walking & bike trails & easy access to Hwy 121 & DNT!

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: Bradford Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Bradford Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Haun Elementary School Primary Regular 501 38 8
Robinson Middle School Middle Regular 970 56 9
Jasper High School High Regular 1,406 76 9

Haun Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 38
8
GreatSchools Rating

Robinson Middle School

  • Education Level: Middle
  • # of students: 970
  • # of teachers: 56
9
GreatSchools Rating

Jasper High School

  • Education Level: High
  • # of students: 1,406
  • # of teachers: 76
9
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,513
Property Tax -$698
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
-$211

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.

$410,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,3003$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 7109 Chandler Drive Plano, TX 1
    • 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.81
    •  
  • 4120 Fair Meadows Drive Plano, TX 2
    • 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,985 Sqft ∙ Built 1993
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 4400 Foxtail Lane Plano, TX 3
    • 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 1997
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 4009 Camrose Drive Plano, TX 4
    • 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 1994
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 4308 Vanderpool Drive Plano, TX 5
    • 5 beds 3 baths ∙ 3,016 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,016 Sqft ∙ Built 1996
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465414
Last Updated: 11/05/2020
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