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10336 Quest Drive Frisco, TX 75035

3 Beds 3 Baths 1,863 sqft Built 1995

$336,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $180.35
  • 3 Days on Market
  • MLS # : 14534160
  • Updated Date : 03/20/2021 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

3D Tour Available. See link in supplements or ask agent. Cozy, charming, & well-maintained 3-bedroom home in Frisco ISD with well-designed floorplan & layout. Gorgeous, dark engineered wood floors all throughout the downstairs with tile in kitchen and utility room. No carpet downstairs! Spacious living room with gas fireplace and formal dining downstairs. Kitchen is plumbed for gas!! Covered patio and large tree in backyard for shade and privacy. Master bedroom, 2nd, and 3rd bedroom are all upstairs. Foundation repaired in 2007 by previous owner with lifetime transferable warranty. Ideally located just 3 miles from Dallas North Tollway and from restaurants and shops at the Star, Shops of Legacy, & Legacy West.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Preston Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $115k434k

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

Neighborhood: Preston Ridge

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
Christie Elementary School Primary Regular 685 48 4
Adelle R. Clark Middle School Middle Regular 853 65 8
Centennial High School High Regular 2,065 138 9

Christie Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 48
4
GreatSchools Rating

Adelle R. Clark Middle School

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

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$302,400$369,600$336,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,167
Property Tax -$666
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
-$117

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.

$336,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,790

INVESTMENT

$94,790

Down Payment
$84,000
Rehab Estimate
$5,750
Closing Costs
$5,040

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,000
Loan Amount $252,000
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8253$1,8504$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 10336 Quest Drive Frisco, TX 5
    • 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,863 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 8240 Kings Ridge Road Frisco, TX 1
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1996
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 10964 Quest Drive Frisco, TX 2
    • 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 1998
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.04
    •  
  • 7900 Squire Lane Frisco, TX 3
    • 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 1993
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
  • 11036 Quest Drive Frisco, TX 4
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1993
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jennifer Lowery
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534160
Last Updated: 03/20/2021
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