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11036 Rankin Drive Frisco, TX 75035

5 Beds 3 Baths 3,445 sqft Built 2006

$362,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $105.08
  • 3 Days on Market
  • MLS # : 14480482
  • Updated Date : 12/05/2020 at 22:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,445 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Enter this spacious home through a gorgeous elevation featuring Austin stone. This huge 5 bedroom, 3 full bath home in Creekside at Preston with original owners is perfect for the whole family! This open floor plan with oversized bedrooms offers tons of space! Guest bedroom and full bath down. Master bedroom, plus 3 bedrooms and 2 full baths up. Prime Frisco location with easy access to Preston and North Dallas Tollway. Home is just minutes away from the new UNT campus. Nice neighborhood with a park and walking trails. Award winning Frisco ISD schools just around the corner!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Creekside at Preston

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Creekside at Preston

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
Polly Tadlock Elementary School Primary Regular 703 41 8
Libby Cash Maus Middle School Middle Regular 891 60 NA
Memorial High School High Regular NA

Polly Tadlock Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 41
8
GreatSchools Rating

Libby Cash Maus Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 60
NA
GreatSchools Rating

Memorial High School

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

$325,800$398,200$362,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,336
Property Tax -$718
Property Insurance -$226
HOA -$32
Property Management Fees -$99
CASH FLOW
$80

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.

$362,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,680

INVESTMENT

$101,680

Down Payment
$90,500
Rehab Estimate
$5,750
Closing Costs
$5,430

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,336

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,500
Loan Amount $271,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,592

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,4903$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 11036 Rankin Drive Frisco, TX 2
    • 5 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,445 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.72
    •  
  • 11457 Gatesville Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,540 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,540 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.69
    •  
  • 11458 Jasper Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.72
    •  
  • 11475 Beeville Drive Frisco, TX 4
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 13184 Boaz Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Shelly Vaughan
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480482
Last Updated: 12/05/2020
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