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10121 Loving Trail Drive Frisco, TX 75035

4 Beds 2 Baths 2,332 sqft Built 1999

$389,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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

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: Hillcrest Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Hillcrest Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* 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
Smith Elementary School Primary Regular 603 39 9
Adelle R. Clark Middle School Middle Regular 853 65 8
Lebanon Trail High School High Regular NA

Smith Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 39
9
GreatSchools Rating

Adelle R. Clark Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 65
8
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,074

INVESTMENT

$109,074

Down Payment
$97,475
Rehab Estimate
$5,750
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

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
$2,050
1$2,0502$2,0953$2,1104$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 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
Melissa Manemann
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483491
Last Updated: 12/12/2020
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