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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $147.72
- 3 Days on Market
- MLS # : 14500558
- Updated Date : 01/16/2021 at 23:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,911 sqft
- Baths : 3 full
Listing Agent
Direct Realty
Listing Agent's Description
Immaculate Highland home in Stonehaven Place! 4 beds 3 full baths plus study. This home has been cared for and maintained every step of the way. Fresh paint throughout. Remodeled kitchen with white cabinets & SS appliances. SS Gas Cooktop & vent mechanism. Spacious Gameroom upstairs. Grand Master suite with vaulted ceilings. Backyard with extended concrete & covered patio. Tons of upgrades in the home (list in MLS). Study has solid french doors and can be used as a 5th bedroom. Award winning PLANO ISD schools. Centrally located. Minutes away from Stonebriar Mall, Legacy West, Shops at Legacy, HWY 121, Dallas Pkwy. MOVE IN READY! You will love to make this home!
SEE MORE
- . 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: Stonehaven Place South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonehaven Place South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,494 |
| Property Tax | -$732 | |
| Property Insurance | -$195 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$179
|
||
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.
$430,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,700
LOAN DETAILS
$1,494
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
2.42
YEARS SAVED
$7,817
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,387
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
8421 Bayham Drive Plano, TX 3
- 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,370
- $0.81
-
4017 Norcross Drive Plano, TX 1
- 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,993 Sqft ∙ Built 1990
LEASED 08/25/20- Rent
- Rent Per SQFT
- $2,350
- $0.79
-
4534 Oak Shores Drive Plano, TX 2
- 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1999
LEASED 09/12/20- Rent
- Rent Per SQFT
- $2,350
- $0.83
-
4404 Galsford Drive Plano, TX 4
- 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 1999
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,495
- $0.84
-
8605 Berwick Drive Plano, TX 5
- 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1994
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,550
- $0.82
PROPERTY LISTING DETAILS
Direct Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500558
Last Updated: 01/16/2021
