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9601 Bull Creek Drive Plano, TX 75025

6 Beds 4 Baths 3,661 sqft Built 2000

$450,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $122.92
  • 3 Days on Market
  • MLS # : 14517293
  • Updated Date : 02/13/2021 at 19:39
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,661 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hometiva

Listing Agent's Description

** MULTIPLE OFFERS RECEIVED BEST AND FINAL BY 10am MONDAY **Rare Find! 6 bedroom home on oversized cul-de-sac lot with massive back yard! Frisco ISD. Community pool, playground & short drive to Ridgeview Ranch Country Club & Golf Course. This home features plantation shutters, Jenn Aire Slide-in Range, walk in pantry, master down and a huge game room to name a few. Updates include: Fresh exterior and interior designer paint, new carpet, updated half bath and newer light fixtures throughout. Roof replaced 2015, AC units 2016, Water heaters 2020 & 2016 and dishwasher 2019. A must see.

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: Ridgeview Ranch West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Ridgeview Ranch West

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
Portia Ross Taylor Elementary School Primary Regular 666 40 9
Pat And Catherine Fowler Middle School Middle Regular 1,001 67 10
Liberty High School High Regular 2,039 137 9

Portia Ross Taylor Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
9
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,563
Property Tax -$766
Property Insurance -$239
HOA -$42
Property Management Fees -$99
CASH FLOW
-$49

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.

$450,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 8.2%
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$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$16,392

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,782

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,6504$2,6605$2,695
$2,695
RENT COMPS ANALYSIS
  • 9601 Bull Creek Drive Plano, TX 4
    • 6 beds 4 baths ∙ 3,661 Sqft ∙ Built 2000 6 beds 4 baths ∙ 3,661 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.73
    •  
  • 9008 Culberson Drive Plano, TX 1
    • 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 1996
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 3641 Estacado Lane Plano, TX 2
    • 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,351 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.76
    •  
  • 9720 Zembriski Drive Plano, TX 3
    • 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2001
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.75
    •  
  • 2501 Royal Birkdale Drive Plano, TX 5
    • 5 beds 4 baths ∙ 3,474 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,474 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.78
    •  
PROPERTY LISTING DETAILS
Robert Leblanc
Hometiva
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517293
Last Updated: 02/13/2021
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