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8104 Lynores Way Plano, TX 75025

4 Beds 4 Baths 3,200 sqft Built 1997

$459,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $143.72
  • 2 Days on Market
  • MLS # : 14467312
  • Updated Date : 11/07/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,200 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

Stunning immaculate 4 BR 3.5 Bath Study-Office 2 Dining 2 Living GR Media Oversized bedrooms plenty of closets walkn attic space Master Ensuite down shiplap all bathrooms completely remodeled Plantation Shutters on every window Nailed Down HS HWood Floors downstairs Designer lighting Roomy Kitchen perfect for family & entertaining opens to Family Rm vaulted ceilings granite counter tops stainless steel kitchenaide confec oven confec microwave 5 burner gas CT gourmet stainless vent butler's pantry soft pull drawers hardware under over counter lighting eat in bar & island Open Family rm fireplace vaulted ceilings Master bath seamless glass rain shower dbl slip tub travertine fls Simply Gorgeous Move In Ready!

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: Highland Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Highland Ridge

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
Wyatt Elementary School Primary Regular 512 36 10
Rice Middle School Middle Regular 1,176 66 10
Jasper High School High Regular 1,406 76 9

Wyatt Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 36
10
GreatSchools Rating

Rice Middle School

  • Education Level: Middle
  • # of students: 1,176
  • # of teachers: 66
10
GreatSchools Rating

Jasper High School

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

$413,910$505,890$459,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,697
Property Tax -$782
Property Insurance -$212
HOA -$50
Property Management Fees -$99
CASH FLOW
-$370

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.

$459,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.6%
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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% 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 $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4503$2,4704$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 8104 Lynores Way Plano, TX 3
    • 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.77
    •  
  • 3624 Dripping Springs Drive Plano, TX 1
    • 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 2000
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.75
    •  
  • 3604 Bonita Drive Plano, TX 2
    • 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,077 Sqft ∙ Built 2001
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 3612 Briarcliff Drive Plano, TX 4
    • 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,073 Sqft ∙ Built 1997
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 8113 Lynores Way Plano, TX 5
    • 5 beds 4 baths ∙ 3,069 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,069 Sqft ∙ Built 1997
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.83
    •  
PROPERTY LISTING DETAILS
Debbie Boyce
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467312
Last Updated: 11/07/2020
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