Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8516 Bridgend Court Plano, TX 75024

4 Beds 3 Baths 2,513 sqft Built 1994

INVESTimate

$385,000

List Price

$2,320

$2,088 - $2,552

Rent Est.

$418,380  ( +8.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $153.20
  • 2 Days on Market
  • MLS # : 14418671
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,513 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful Home with stone accented exterior! Pretty curb appeal with mature trees & landscaping! Many updates! Wood laminate floors! 2-story Foyer w updated chandelier opens to Living & Dining areas. Open Island Kitchen has gas cooktop & white cabinets! 2-story Family Room w Fireplace! Patio overlooks backyard w mature shade trees & wood privacy fence! Master BR has gorgeous bath w jetted tub, updated tile shower, 2 sinks & WIC! One BR & full bath down w 3 more BRs up. 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stonehaven Place

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,420
Property Tax -$667
Property Insurance -$172
Property Management Fees -$99
CASH FLOW
-$39

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.

$385,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 8.67%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$18,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,312

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2454$2,3005$2,320
$2,320
RENT COMPS ANALYSIS
  • 8516 Bridgend Court Plano, TX 5
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.92
    •  
  • 4129 Aldenham Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,416 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 4108 Oxlea Drive Plano, TX 2
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 8805 Christian Court Plano, TX 3
    • 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,434 Sqft ∙ Built 1997
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.92
    •  
  • 4133 Aldenham Drive Plano, TX 4
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1995
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jason Clay Haugen
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418671
Last Updated: 08/25/2020
BESbswy