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845 Arbor Downs Drive Plano, TX 75023

3 Beds 2 Baths 1,978 sqft Built 1984

$270,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $136.50
  • 3 Days on Market
  • MLS # : 14457676
  • Updated Date : 11/01/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,978 sqft
  • Baths : 2 full
Listing Agent

Re/max Town & Country

Listing Agent's Description

Charming single story home with lots of space! Enjoy the cozy winter nights in front of the fireplace or the rainy days under the large covered patio. This home is nestled in an established neighborhood and is walking distance to the park and schools. Conveniently located close to I-75, shopping and dining. Don't miss out on this cute gem you can call your own. Refrigerator to convey with 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: Westgate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $116k370k

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

Neighborhood: Westgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10062224

* 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
Christie Elementary School Primary Regular 706 62 5
Carpenter Middle School Middle Regular 722 58 5
Plano Senior High School High Regular 2,766 155 9

Christie Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 62
5
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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$996
Property Tax -$459
Property Insurance -$142
Property Management Fees -$99
CASH FLOW
$24

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.

$270,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 12.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,854

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7203$1,8254$1,8255$1,895
$1,895
RENT COMPS ANALYSIS
  • 845 Arbor Downs Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,978 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.87
    •  
  • 712 Tribal Road Plano, TX 1
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1984
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 3720 Dentelle Drive Plano, TX 3
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1994
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.95
    •  
  • 813 Arbor Downs Drive Plano, TX 4
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 1984
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
  • 3700 Julienne Drive Plano, TX 5
    • 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,919 Sqft ∙ Built 1992
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Charlotte Case
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14457676
Last Updated: 11/01/2020
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