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8421 Bayham Drive Plano, TX 75024

4 Beds 3 Baths 2,911 sqft Built 1997

$430,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
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

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: Stonehaven Place South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stonehaven Place South

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
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

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
$2,350
1$2,3502$2,3503$2,3704$2,4955$2,550
$2,550
RENT COMPS ANALYSIS
  • 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
Manisha Annam
Direct Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500558
Last Updated: 01/16/2021
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