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7921 Aqua Vista Drive Plano, TX 75025

4 Beds 3 Baths 2,389 sqft Built 1997

INVESTimate

$359,000

List Price

$2,120

$1,908 - $2,332

Rent Est.

$384,489  ( +7.10%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $150.27
  • 6 Days on Market
  • MLS # : 14410645
  • Updated Date : 08/25/2020 at 09:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 3 full
Listing Agent

Hsn Realty Llc

Listing Agent's Description

Fall in Love with this absolutely Stunning Fabulous 4 Bed,3 Bath,2 Living and 2 Dining double story house located in the heart of west Plano.Master Bedroom downstairs.The neutral color scheme works beautifully with any decor & the abundance of windows invites the sun to fill each room with natural light.Kitchen upgraded in 2018,New appliances replaced in 2020.Roof was replaced in 2016.Hardwood in family area and formal dining.Large Backyard, Covered patio and tile floor.Minutes to the park, sports fields,tennis,golf course,jogging Trl. Close to Toyota HQ.With in 5 miles of DNT,75 (Central Expwy) and less than 2 miles from 121. Exemplary schools!!EAST FACING HOUSE!!Located at NE corner of Hedgcox and Aqua Vista.

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: Fountain Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k384k

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

Neighborhood: Fountain Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262235

* 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
Mathews Elementary School Primary Regular 502 37 10
Schimelpfenig Middle School Middle Regular 957 53 9
Plano Senior High School High Regular 2,766 155 9

Mathews Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 37
10
GreatSchools Rating

Schimelpfenig Middle School

  • Education Level: Middle
  • # of students: 957
  • # of teachers: 53
9
GreatSchools Rating

Plano Senior High School

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

$323,100$394,900$359,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,325
Property Tax -$611
Property Insurance -$165
HOA -$10
Property Management Fees -$99
CASH FLOW
-$90

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.

$359,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.10%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1004$2,1205$2,200
$2,200
RENT COMPS ANALYSIS
  • 7921 Aqua Vista Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.89
    •  
  • 7801 Pirates Cove Drive Plano, TX 1
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 1997
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 3108 Buena Vista Drive Plano, TX 2
    • 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 1994
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 3312 Langston Drive Plano, TX 3
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1998
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 3132 Buena Vista Drive Plano, TX 5
    • 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,543 Sqft ∙ Built 1995
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Hassan Butt
Hsn Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14410645
Last Updated: 08/25/2020
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