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9728 Windburn Drive Plano, TX 75025

4 Beds 3 Baths 2,409 sqft Built 2000

$372,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $154.42
  • 3 Days on Market
  • MLS # : 14474904
  • Updated Date : 11/21/2020 at 21:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Gorgeous 4 bedroom, 2.5 bath home in Plano zoned in Frisco ISD. Upon entry, you are greeted by hardwood floors & a spacious dining room. The beautiful kitchen has granite countertops with modern style backsplash. There are plenty of white cabinetry for storage. Adjacent to the kitchen, you have a perfect living room for spending time with family & relaxing. On the second level, you have the owner suite, & three bedrooms. The exquisite finishes in the master bath include a renovated walk in shower and jetted tub. All bedrooms are great sizes and have walk in closets. Huge backyard with an amazing covered patio. This home is close to retail stores, the hospital, and has easy access to 121. Schedule showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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 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
 

$334,800$409,200$372,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,373
Property Tax -$633
Property Insurance -$166
HOA -$38
Property Management Fees -$99
CASH FLOW
-$268

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.

$372,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,330

INVESTMENT

$104,330

Down Payment
$93,000
Rehab Estimate
$5,750
Closing Costs
$5,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,373

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,000
Loan Amount $279,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,1003$2,1254$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 9728 Windburn Drive Plano, TX 1
    • 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.85
    •  
  • 3312 Estacado Lane Plano, TX 2
    • 4 beds 2 baths ∙ 2,298 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,298 Sqft ∙ Built 2000
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.91
    •  
  • 3116 Deleon Drive Plano, TX 3
    • 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,408 Sqft ∙ Built 2001
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.88
    •  
  • 9732 Ellery Avenue Plano, TX 4
    • 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,417 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 3409 Flat Creek Drive Plano, TX 5
    • 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,300 Sqft ∙ Built 2008
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Stacey Davidson
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474904
Last Updated: 11/21/2020
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