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10572 Wintergreen Drive Frisco, TX 75035

5 Beds 7 Baths 4,336 sqft Built 2018

$739,900

List Price

$4,080

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $170.64
  • 2 Days on Market
  • MLS # : 14467534
  • Updated Date : 11/07/2020 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,336 sqft
  • Baths : 5 full , 2 half
Listing Agent

Citiwide Alliance Realty

Listing Agent's Description

Beautiful KHOV home with 5 bedrooms, 5 full baths 2 half bath Frisco ISD in Lexington Country gated community. House is on a large lot with a 3-car garage. Open floor plan with hardwood floors , hallways, dining, study room ,stairs. Lots of upgrades in kitchen including granite countertops, level 5 maple cabinets, SS appliances, Upgraded large sink with Granite island, wooden window blinds, shower in second bedroom 1st floor, 3 bed room, large media room and a large game room upstairs. Open floor plan with High ceilings in Family Room. Community amenities feature a resort pool, clubhouse, fitness center, parks, playgrounds. Close to Highway 121 , Dallas Tollway, 380 HWY, Allen outlet malls , Legacy offices.

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

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
Nelson Elementary School Primary Regular NA
Independence High School High Unknown 1,161 102 9
Norris Elementary School Primary Regular NA

Nelson Elementary School

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

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating

Norris Elementary School

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

$665,910$813,890$739,900

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$2,730
Property Tax -$1,467
Property Insurance -$278
HOA -$200
Property Management Fees -$99
CASH FLOW
-$693

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.

$739,900

PROJECTED PRICE

$4,080

PROJECTED RENT

0.55%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,080

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $4,054

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$3,9503$4,0004$4,0805$4,250
$4,250
RENT COMPS ANALYSIS
  • 10572 Wintergreen Drive Frisco, TX 4
    • 5 beds 7 baths ∙ 4,336 Sqft ∙ Built 2018 5 beds 7 baths ∙ 4,336 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $4,080
    • $0.94
    •  
  • 13897 Wickham Lane Frisco, TX 1
    • 5 beds 6 baths ∙ 4,405 Sqft ∙ Built 2018 5 beds 6 baths ∙ 4,405 Sqft ∙ Built 2018
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.86
    •  
  • 13196 Strike Gold Frisco, TX 2
    • 5 beds 5 baths ∙ 4,068 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,068 Sqft ∙ Built 2017
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.97
    •  
  • 7280 Anastasia Lane Frisco, TX 3
    • 5 beds 6 baths ∙ 4,318 Sqft ∙ Built 2017 5 beds 6 baths ∙ 4,318 Sqft ∙ Built 2017
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.93
    •  
  • 15016 Dublin Lane Frisco, TX 5
    • 4 beds 5 baths ∙ 4,349 Sqft ∙ Built 2014 4 beds 5 baths ∙ 4,349 Sqft ∙ Built 2014
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
Srinivas Chidurala
Citiwide Alliance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467534
Last Updated: 11/07/2020
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