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10907 Kingsford Lane Frisco, TX 75035

4 Beds 5 Baths 3,831 sqft Built 2014

$570,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $148.79
  • 3 Days on Market
  • MLS # : 14505402
  • Updated Date : 01/30/2021 at 22:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,831 sqft
  • Baths : 4 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Highest and best offers due SUNDAY AT 7PM. Must see stunning 4 bedroom home in Frisco ISD! 1st floor includes 2 primary suite options. Downstairs office-possible 5th bedroom. Eat-in kitchen is light & bright with oversized quartz counters, bar seating, planning desk, window seat & double ovens. One of the primary baths is spa like with closet connecting to the utility room. Upstairs has 2 bedrooms, 2 full baths, game room, & media room that includes projector, screen, & surround sound to enjoy! Stunning hardwood floors, upgraded lighting, wrought iron spiral staircase, house is wired for both an alarm system & surround sound which includes the patio.

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: Villages of Stonelake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k609k

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

Neighborhood: Villages of Stonelake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263706

* 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
Nelson Middle School Middle Unknown NA
Independence High School High Unknown 1,161 102 9

Nelson Elementary School

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

Nelson Middle School

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

Independence High School

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

$513,000$627,000$570,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$1,980
Property Tax -$1,130
Property Insurance -$249
HOA -$50
Property Management Fees -$99
CASH FLOW
-$407

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.

$570,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,113

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0003$3,1004$3,1505$3,500
$3,500
RENT COMPS ANALYSIS
  • 10907 Kingsford Lane Frisco, TX 3
    • 4 beds 5 baths ∙ 3,831 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,831 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 13836 Hot Springs Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.74
    •  
  • 14952 Maroon Bells Lane Frisco, TX 2
    • 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
  • 13711 Clusterberry Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,898 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,898 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.81
    •  
  • 10522 Millie Lane Frisco, TX 5
    • 5 beds 6 baths ∙ 3,874 Sqft ∙ Built 2014 5 beds 6 baths ∙ 3,874 Sqft ∙ Built 2014
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Wendi Conley
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505402
Last Updated: 01/30/2021
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