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821 Ashburn Place Plano, TX 75075

3 Beds 3 Baths 2,293 sqft Built 1990

$435,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $189.71
  • 3 Days on Market
  • MLS # : 14499578
  • Updated Date : 01/22/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

Edie West Realty Group, Llc

Listing Agent's Description

Welcome to your new home on Ashburn PL. in the heart of Plano. This gorgeous 3 bedroom 2.5 bath home has been fully renovated from top to bottom, inside & out. It boasts a beautiful brand-new kitchen, with all stainless steel appliances. An open concept living room-dining room, formal dining room, as well as a game room. The large master bedroom comes complete with a fireplace and large walk-in closet. This Farmhouse has brand-new efficient windows & lighting. Conveniently located off Highway 75 this home is close to shopping, parks, restaurants, and anything else you could possibly need. Don’t miss out on this beautiful home, come see it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Treyburn

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Treyburn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
Harrington Elementary School Primary Regular 427 37 10
Carpenter Middle School Middle Regular 722 58 5
Plano Senior High School High Regular 2,766 155 9

Harrington Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 37
10
GreatSchools Rating

Carpenter Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 58
5
GreatSchools Rating

Plano Senior High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,511
Property Tax -$740
Property Insurance -$160
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.

$435,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,167

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,0503$2,1404$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 821 Ashburn Place Plano, TX 3
    • 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.93
    •  
  • 1005 Clinton Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,153 Sqft ∙ Built 1980
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.94
    •  
  • 1436 Baffin Bay Drive Plano, TX 2
    • 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,280 Sqft ∙ Built 1981
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 1424 Faringdon Drive Plano, TX 4
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 1996
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 813 Wynnpage Lane Plano, TX 5
    • 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,355 Sqft ∙ Built 1990
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Edie West
Edie West Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499578
Last Updated: 01/22/2021
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