Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7417 Breckenridge Drive Plano, TX 75025

4 Beds 4 Baths 3,048 sqft Built 1989

$460,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $150.92
  • 4 Days on Market
  • MLS # : 14486244
  • Updated Date : 12/24/2020 at 15:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,048 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

All you have been looking for in a home and MORE! Soaring ceilings and crown molding can be found in this smartly designed 2 story home with a pool, pergola + a yard in one of the most desirable neighborhoods in far northwest Plano. Beautifully updated dream kitchen where hours of entertainment can be enjoyed. Natural light accents the beautiful architectural details in this 4 bedroom 3.5 bath home. Master down with 2 living rooms and a lovely decorative fireplace. Upstairs offers a retreat with shiplap recessed accent wall brings warm tones and decorative detail in the 3rd living room. 3 nicely sized and separate bedrooms with 2 additional bathrooms finish out this one of a kind! Come see it TODAY!

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: Park Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Park Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262318

* 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
Hedgcoxe Elementary School Primary Regular 410 32 9
Hendrick Middle School Middle Regular 800 51 7
Plano Senior High School High Regular 2,766 155 9

Hedgcoxe Elementary School

  • Education Level: Primary
  • # of students: 410
  • # of teachers: 32
9
GreatSchools Rating

Hendrick Middle School

  • Education Level: Middle
  • # of students: 800
  • # of teachers: 51
7
GreatSchools Rating

Plano Senior High School

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

$414,000$506,000$460,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,697
Property Tax -$783
Property Insurance -$203
Property Management Fees -$99
CASH FLOW
-$292

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.

$460,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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-$10k-$5.0k$0.0$5.0k$10k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,484

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4503$2,4904$2,4955$2,700
$2,700
RENT COMPS ANALYSIS
  • 7417 Breckenridge Drive Plano, TX 3
    • 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.82
    •  
  • 2305 Flanders Lane Plano, TX 1
    • 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,878 Sqft ∙ Built 1995
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 1608 Endicott Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 1997
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
  • 1604 Simsbury Drive Plano, TX 4
    • 4 beds 3 baths ∙ 3,186 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,186 Sqft ∙ Built 1997
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 1924 Brabant Drive Plano, TX 5
    • 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,099 Sqft ∙ Built 1988
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Beth Douglas
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486244
Last Updated: 12/24/2020
BESbswy