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

10811 Tree Shadow Lane Frisco, TX 75035

4 Beds 3 Baths 3,088 sqft Built 1998

$385,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $124.68
  • 2 Days on Market
  • MLS # : 14497027
  • Updated Date : 01/16/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,088 sqft
  • Baths : 3 full
Listing Agent

Evolve Real Estate

Listing Agent's Description

This lovely two story single-family home in Frisco features spacious living areas, beautiful granite counter top kitchen and stainless steel appliances, with a captivating serene backyard. Living room, bed rooms painted in December 2020. Energy efficient windows installed November of 2017. Upgrades include the front and back doors installed October 2018, roof installed November 2020, Luxurious porcelain floors downstairs and renovated stairs. Washer, dryer and refrigerator purchased August of 2018 that will stay with the home. Beautiful fountain in backyard will also stay.

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 Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Hillcrest Estates

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,337
Property Tax -$763
Property Insurance -$206
HOA -$29
Property Management Fees -$99
CASH FLOW
-$144

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.

$385,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,466

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,563

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,4993$2,5004$2,5995$2,795
$2,795
RENT COMPS ANALYSIS
  • 10811 Tree Shadow Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,088 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.74
    •  
  • 10302 Loving Trail Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,010 Sqft ∙ Built 1998
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.83
    •  
  • 11012 Hermitage Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,028 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,028 Sqft ∙ Built 1992
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 5568 Imperial Meadow Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,222 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.81
    •  
  • 11425 Rio Secco Road Frisco, TX 5
    • 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2000
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.85
    •  
PROPERTY LISTING DETAILS
Luis Hernandez
Evolve Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497027
Last Updated: 01/16/2021
BESbswy