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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $138.70
- 2 Days on Market
- MLS # : 14528171
- Updated Date : 03/06/2021 at 18:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,956 sqft
- Baths : 3 full
Listing Agent
Re/max Premier
Listing Agent's Description
Beautiful 2-story home in Plano, Frisco ISD, 5 Bedrooms, 3 Full Baths. Large family room w-laminate wood floors, Kitchen w-cherry cabinets, granite counters & island. Formal living & Dining rooms. Downstairs Bedroom is flexible as Private Office or 5th bedroom. Hugh Master Suite features a sitting area and 2 WIC. Master Bath is light & bright w-double sinks, granite counters, jet tub, separate shower. Carpet and Paint thru-out Sep'18. All Bathrooms have Granite counters and New light fixtures. Large private backyard has BoB fence and flagstone patio. Fabulous location with easy access to 121, Tollroad, 75 & great shopping & dining!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Ridgeview Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridgeview Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$698 | |
| Property Insurance | -$198 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1
|
||
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.
$410,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
4.5
YEARS SAVED
$18,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,453
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
9505 Southern Hills Drive Plano, TX 3
- 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,956 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,460
- $0.83
-
2409 Heather Glen Drive Plano, TX 1
- 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1999
LEASED 12/07/20- Rent
- Rent Per SQFT
- $2,300
- $0.81
-
3108 Kimble Drive Plano, TX 2
- 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 1999
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.82
-
3105 Austin Drive Plano, TX 4
- 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,910 Sqft ∙ Built 2000
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,500
- $0.86
-
2908 Hagen Drive Plano, TX 5
- 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 1999
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,550
- $0.83
PROPERTY LISTING DETAILS
Re/max Premier
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528171
Last Updated: 03/06/2021
