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1316 Newbury Lane 
Plano, TX
75025
4 Beds 3 Baths 2,874 sqft
Built 1991
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $130.48
- 1 Days on Market
- MLS # : 14420847
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,874 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Premier
Listing Agent's Description
Professionally landscaped drive-up on decked out home in West Creek Estates! All the updating has been done for you w- new carpet, new interior paint, new granite & sinks, new wrought iron balusters & more! Island kitchen w- slab granite, gas cooktop (!), stone backsplash, stainless steel appliances, & tons of cabinets. Master suite w- his & her closets, renovated bath w- frameless glass shower w- new tile & fixtures, granite counters w- undermount sinks & new hardware, jetted tub & framed mirrors! Game room is great for media or home-office during Covid! Secondary bedrooms share a renovated bath w- dual, undermount sinks & granite counters. Just steps to Hoblitzelle Park & minutes to 75-Central, 121-SRT!
SEE MORE
- . 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: West Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$638 | |
| Property Insurance | -$193 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$134
|
||
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.
$375,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.17
YEARS SAVED
$11,665
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,414
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1316 Newbury Lane Plano, TX 2
- 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,180
- $0.76
-
7113 Amethyst Lane Plano, TX 1
- 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1988
LEASED 12/08/19- Rent
- Rent Per SQFT
- $2,125
- $0.77
-
6901 Aimpoint Drive Plano, TX 3
- 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 1989 4 beds 4 baths ∙ 2,706 Sqft ∙ Built 1989
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.81
-
1505 Endicott Drive Plano, TX 4
- 3 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,732 Sqft ∙ Built 1995
LEASED 07/12/20- Rent
- Rent Per SQFT
- $2,395
- $0.88
-
1405 Newbury Lane Plano, TX 5
- 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,933 Sqft ∙ Built 1989
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,650
- $0.90
PROPERTY LISTING DETAILS
Re/max Premier
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420847
Last Updated: 08/25/2020
