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9108 Guadalupe Street Plano, TX 75024

3 Beds 3 Baths 2,555 sqft Built 2021

$549,800

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $215.19
  • 3 Days on Market
  • MLS # : 14518307
  • Updated Date : 02/12/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,555 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jagjit Singh

Listing Agent's Description

This home will be available in late spring 2021! Ask about our MEGAsale promotion of 6 months mortgage on us. Megatel Homes will credit the first 6 months of your new mortgage payment. See your community sales consultant for full details. MEGAsale is available for a limited time only. Mortgage payment refers to principal and interest only. Additional restrictions apply. Megatel Homes reserves the right to change or cancel the program at any time.

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

Zip Code: 75024

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k457k

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

Zip Code: 75024

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262827

* 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
Ruth Borchardt Elementary School Primary Regular 727 42 10
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Liberty High School High Regular 2,039 137 9

Ruth Borchardt Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 42
10
GreatSchools Rating

Pat And Catherine Fowler Middle School

  • Education Level: Middle
  • # of students: 1,001
  • # of teachers: 67
10
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$494,820$604,780$549,800

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,910
Property Tax -$935
Property Insurance -$175
HOA -$65
Property Management Fees -$99
CASH FLOW
-$974

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$549,800

PROJECTED PRICE

$2,210

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,697

INVESTMENT

$147,697

Down Payment
$137,450
Rehab Estimate
$2,000
Closing Costs
$8,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,450
Loan Amount $412,350
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$17

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,268

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,2103$2,3004$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 9108 Guadalupe Street Plano, TX 2
    • 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.86
    •  
  • 4436 Riptide Lane Plano, TX 1
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 4437 Ridge Point Lane Plano, TX 3
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 4013 Highland Shores Drive Plano, TX 4
    • 4 beds 2 baths ∙ 2,599 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,599 Sqft ∙ Built 2003
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
  • 4453 Riptide Lane Plano, TX 5
    • 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2002
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jagjit Singh
Jagjit Singh
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518307
Last Updated: 02/12/2021
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