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9821 Lightcatcher Drive Plano, TX 75025

3 Beds 3 Baths 1,852 sqft Built 2012

$325,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $175.49
  • 1 Days on Market
  • MLS # : 14471729
  • Updated Date : 11/15/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,852 sqft
  • Baths : 2 full , 1 half
Listing Agent

Everbright Realty Llc

Listing Agent's Description

Wonderful family house. Very clean, looks new. Study area ideal for home office. Large master bedroom. Beautiful master bath. House located across green park. COME AND SEE IT, THIS IS WHAT YOURE LOOKING FOR! GREAT FRISCO SCHOOLS, NEAR HOSPITAL, BANKS AND MORE!!!LOCATION, LOCATION, LOCATION!The The listing agent does not guarantee that all the listing information is correct. The buyer or buyer's agent shall verify all the information. The listing is also for lease at $2050 per month.

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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 Villas

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k370k

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

Neighborhood: Ridgeview Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262224

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,199
Property Tax -$553
Property Insurance -$134
HOA -$480
Property Management Fees -$99
CASH FLOW
-$635

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.

$325,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$33

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8503$1,8504$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 9821 Lightcatcher Drive Plano, TX 1
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.99
    •  
  • 3537 Estacado Lane Plano, TX 2
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1998
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 3125 Paradise Valley Drive Plano, TX 3
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 9825 Lightcatcher Drive Plano, TX 4
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2010
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 3532 Flat Creek Drive Plano, TX 5
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2008
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
PROPERTY LISTING DETAILS
Qing Zhang
Everbright Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471729
Last Updated: 11/15/2020
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