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

11068 Coralberry Drive Frisco, TX 75033

5 Beds 4 Baths 3,127 sqft Built 2005

$400,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $127.92
  • 3 Days on Market
  • MLS # : 14495239
  • Updated Date : 01/16/2021 at 16:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,127 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

**MULTIPLE OFFERS! HIGHEST AND BEST SUNDAY 1-17 AT 7PM** Pride of ownership shines in this beautifully upgraded 5 bedroom Frisco home with flowing floor plan featuring executive style office, downstairs in law suite w private bath, hand scraped hardwoods, and manicured yard. Kitchen with white cabinets, prep island, SSTL appliances, quartz counters and eat in breakfast nook overlooking living area with fire place and wall of windows. Gigantic owner suite w sitting area, walk in closets, private bath w soaking tub and glass framed shower. Large secondary bedrooms with ceiling fans and ample closet space. Solar screens on all doors and windows. Back yard features French drains, BOB fence and electric gate.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Preston Highlands Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Preston Highlands Village

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
I. S. Rogers Elementary School Primary Regular 565 34 7
Benton A. Staley Middle School Middle Regular 715 60 7
Memorial High School High Regular NA

I. S. Rogers Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
7
GreatSchools Rating

Benton A. Staley Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 60
7
GreatSchools Rating

Memorial High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,389
Property Tax -$793
Property Insurance -$208
HOA -$25
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.

$400,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,478

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3704$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 11068 Coralberry Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,127 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,127 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.76
    •  
  • 11021 Prescott Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,023 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,023 Sqft ∙ Built 2005
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 10608 Briar Brook Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,991 Sqft ∙ Built 1996
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 8503 Prescott Circle Frisco, TX 4
    • 4 beds 4 baths ∙ 2,986 Sqft ∙ Built 1997 4 beds 4 baths ∙ 2,986 Sqft ∙ Built 1997
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 10909 Prescott Drive Frisco, TX 5
    • 5 beds 3 baths ∙ 3,127 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,127 Sqft ∙ Built 2006
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
PROPERTY LISTING DETAILS
Bryan Davis
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495239
Last Updated: 01/16/2021
BESbswy