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7204 Beechmont Court Plano, TX 75074

4 Beds 3 Baths 3,106 sqft Built 1999

$380,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $122.34
  • 3 Days on Market
  • MLS # : 14499886
  • Updated Date : 01/15/2021 at 16:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Connect Realty

Listing Agent's Description

One owner and fabulous! Check out this open floor plan that has tons of room! From window seats in the kitchen to a large 2nd pantry and or storage room in the full size laundry with space for a 2nd fridge, this home has everything you need. This obviously well loved home is in Plano ISD. Brand new carpet throughout, 8 ft fence and water heater recently installed, brand new microwave and dishwasher. One bedroom has wonderful built-in shelving. And you cant ask for more than this awesome gameroom! You are gonna love this home!

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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 North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Timberbrook North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11092224

* 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
 

$342,000$418,000$380,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,320
Property Tax -$647
Property Insurance -$207
HOA -$39
Property Management Fees -$99
CASH FLOW
-$71

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.

$380,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,260

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,2404$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 7204 Beechmont Court Plano, TX 3
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.72
    •  
  • 7213 Middleburg Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.71
    •  
  • 7001 Pensacola Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,081 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,081 Sqft ∙ Built 2001
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
  • 7101 Cloverhaven Way Plano, TX 4
    • 4 beds 3 baths ∙ 3,227 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,227 Sqft ∙ Built 2005
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 3532 Bright Star Way Plano, TX 5
    • 4 beds 4 baths ∙ 3,086 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,086 Sqft ∙ Built 2013
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
PROPERTY LISTING DETAILS
Delynn Goode
Texas Connect Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499886
Last Updated: 01/15/2021
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