Beautiful, remodeled, three bedroom, two bathroom, two car garage
home located in a highly desirable Plano neighborhood known as
Hunters Glen. This home was designed by an architect for his family
and is a one owner home. The home has been lovingly
remodeled. The Formal Living, Formal Dining Room, Foyer and
Hallways have gorgeous hardwood flooring. The Living Room features
a wood-burning, brick, fireplace with gas starter and a vaulted
ceiling. Large windows overlook the oversized back yard which
features a swimming pool, gazebo, and large concrete padded area
with a basketball hoop. The kitchen has granite counter tops with a
breakfast bar to allow eating in the kitchen and is open to a
lovely Den with a second wood-burning fireplace with a gas starter,
and a wet bar. The home also features three bedrooms, two of
which have windows that overlook an interior courtyard that is a
perfect place to have a glass of wine or your morning cup of
coffee. There are two additional bedrooms, one features a
built-in desk area. Both the Primary bathroom and Second Full
bathroom have been remodeled and feature granite counter tops and
tile flooring. The primary bathroom features a walk-in shower
and dual sinks. The windows were replaced approximately 10 years
ago and the HVAC includes a dehumidifier. This home is a single
story home in the tree lined neighborhood of Hunters Glen.
The neighborhood is in the heart of Plano, and is perfect for
nature lovers who will enjoy the nearby Chisolm Trail and Big Lake
Park complete with miles of walking trails, a lake and a playground
area. Easy access to I-75, 190 George Bush Turnpike, and Sam
Rayburn Tollway. Minutes from the dining and shopping areas
of Watters Creek and Legacy West and only minutes from the DART
Rail Station.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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