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9840 De Loach Drive Plano, TX 75025

3 Beds 3 Baths 2,234 sqft Built 2009

$400,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $179.05
  • 7 Days on Market
  • MLS # : 14537500
  • Updated Date : 03/25/2021 at 16:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,234 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Frontier facing the quiet Community park, Beautiful 2-Story home in Desirable Neighborhood of Ridgeview Villas. 3 Bedrooms and Study Energy Efficient Ryland Homes. Large 2 story living area with tons of natural light and view of the park across the street. Wood floors in living area. 1'st floor study. Spacious eat-in Kitchen with granite counters & breakfast bar, gas cooktop and 42” cabinets. 2nd floor master-suite features dual-sinks, walk-in shower along with a jetted tub , Large Secondary Bedrooms upstairs. The 2nd living room upstairs best place for game or media or second study room! HOA maintained the front yard. Side yard with Open Patio perfect for Grill. Prime location just off 121 &COIT!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,389
Property Tax -$681
Property Insurance -$156
HOA -$75
Property Management Fees -$99
CASH FLOW
-$170

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.

$400,000

PROJECTED PRICE

$2,230

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,228

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2304$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 9840 De Loach Drive Plano, TX 3
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.00
    •  
  • 9836 De Loach Drive Plano, TX 1
    • 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,210 Sqft ∙ Built 2008
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 3409 Porter Creek Drive Plano, TX 2
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2010
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 3517 Pillar Drive Plano, TX 4
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2011
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
  • 9749 Lightcatcher Drive Plano, TX 5
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2011
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Pragnesh Shah
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537500
Last Updated: 03/25/2021
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