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805 Purcell Drive Plano, TX 75025

3 Beds 2 Baths 1,741 sqft Built 1984

INVESTimate

$295,000

List Price

$1,770

$1,593 - $1,947

Rent Est.

$329,840  ( +11.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $169.44
  • 6 Days on Market
  • MLS # : 14414979
  • Updated Date : 08/24/2020 at 19:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,741 sqft
  • Baths : 2 full
Listing Agent

E 5 Realty

Listing Agent's Description

AMAZING OPPORTUNITY! Gorgeous 3 bedroom, 2 bathroom home in Plano. Inside you'll find an amazing floor plan, a spacious kitchen with granite counter tops, large living room with beautiful wood floors throughout, and a breakfast room, a lots of natural light. Spacious backyard comes with a covered patio. Stainless steel refrigerator comes with the house, along with the washer and dryer! New water heater installed in 2019.

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: Cross Creek East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Cross Creek East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10602224

* 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
Rasor Elementary School Primary Regular 516 37 5
Hendrick Middle School Middle Regular 800 51 7
Plano Senior High School High Regular 2,766 155 9

Rasor Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 37
5
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

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

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 $1,770
EXPENSES Loan Payment -$1,088
Property Tax -$502
Property Insurance -$128
Property Management Fees -$99
CASH FLOW
-$47

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.

$295,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7703$1,7754$1,7955$1,925
$1,925
RENT COMPS ANALYSIS
  • 805 Purcell Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.02
    •  
  • 821 Sandhurst Drive Plano, TX 1
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1984
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.97
    •  
  • 916 Sandhurst Drive Plano, TX 3
    • 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1985
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.02
    •  
  • 808 Sandhurst Drive Plano, TX 4
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 1985
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 824 Shannon Drive Plano, TX 5
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1984
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.04
    •  
PROPERTY LISTING DETAILS
Robert Muzyka
E 5 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414979
Last Updated: 08/24/2020
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