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10114 Tambra Drive Frisco, TX 75033

5 Beds 4 Baths 4,093 sqft Built 2006

$575,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $140.48
  • 5 Days on Market
  • MLS # : 14463359
  • Updated Date : 10/31/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,093 sqft
  • Baths : 4 full
Listing Agent

Direct Real Estate

Listing Agent's Description

Beautiful home Heather Ridge Estates! This well maintained home on a quiet street features an open floorplan with soaring ceilings. Isolated master, 2nd bedroom with full bath, and study on main level. 2 staircases. 3 bedrooms, media, and 2nd living upstairs. Kitchen is a chef's dream with new (2020) SS KitchenAid gas cooktop, double oven with convection, microwave, and 2yr old dishwasher. Granite counters with large island. Master bath jetted tub and separate shower with new spot resistant frameless glass. Private backyard with covered patio. Energy efficient tankless water heater (2020). Plantation shutters. One block away from community pool and Cottonwood Creek Park. Zoned Wakeland, Cobb, Carroll schools.

SEE MORE

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: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k540k

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

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263337

* 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
Reba Cobb Carroll Elementary School Primary Regular 508 34 9
Robert Cobb Middle School Middle Regular 909 63 NA
Justin Wakeland High School High Regular 2,220 140 9

Reba Cobb Carroll Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 34
9
GreatSchools Rating

Robert Cobb Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 63
NA
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,122
Property Tax -$1,012
Property Insurance -$264
HOA -$44
Property Management Fees -$99
CASH FLOW
-$340

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.

$575,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,274

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,149
1$3,1492$3,1503$3,2004$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 10114 Tambra Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.78
    •  
  • 9576 Ironwood Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,149
    • $0.77
    •  
  • 10215 Tambra Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.74
    •  
  • 3435 Leatherwood Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.86
    •  
  • 4219 Bal Harbour Frisco, TX 5
    • 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
Beau Hill
Direct Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463359
Last Updated: 10/31/2020
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