Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $167.20
- 4 Days on Market
- MLS # : 14483491
- Updated Date : 12/12/2020 at 10:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,332 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Light and bright one story beauty with a pool and 3 car garage! Fresh interior and exterior paint, updated light fixtures, all carpet recently replaced, Kitchen with skylight over the island and breakfast bar overlook large living room with a gas fireplace and a wall of windows to enjoy the backyard pool views. Study with wood floors can also serve as fourth bedroom without a closet. Grand dining room off entry also boasts wood floors as does hallway leading to secondary bedrooms. Tons of updates include a master frameless shower, HVAC replaced in June 2020, roof and skylight replaced in Feb. 2017. Board on board fence, storm door, full house gutters, and pool mastic replaced in December 2020. Perfect location!
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: Hillcrest Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillcrest Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$773 | |
| Property Insurance | -$162 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$387
|
||
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.
$389,900
PROJECTED PRICE
$2,110
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,074
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
0.67
YEARS SAVED
$1,138
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,186
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
10121 Loving Trail Drive Frisco, TX 3
- 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,110
- $0.90
-
9915 Knoll Trace Way Frisco, TX 1
- 3 beds 2 baths ∙ 2,224 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,224 Sqft ∙ Built 2005
![property image]()
LEASED 02/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.92
-
5103 Baton Rouge Boulevard Frisco, TX 2
- 3 beds 3 baths ∙ 2,259 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,259 Sqft ∙ Built 1995
![property image]()
LEASED 10/24/20- Rent
- Rent Per SQFT
- $2,095
- $0.93
-
10010 Asheboro Street Frisco, TX 4
- 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,314 Sqft ∙ Built 1999
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
4900 Wisteria Drive Frisco, TX 5
- 4 beds 2 baths ∙ 2,315 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,315 Sqft ∙ Built 1999
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483491
Last Updated: 12/12/2020
