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11092 Snyder Drive Frisco, TX 75035

4 Beds 3 Baths 2,260 sqft Built 2005

$384,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $170.31
  • 4 Days on Market
  • MLS # : 14499749
  • Updated Date : 01/14/2021 at 16:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,260 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

In the heart of Frisco, this 4 bedroom, 3 full bathroom two-story home is awaiting its new owners! You will love the beautiful elevation as you drive up to this delightful home in Panther Creek. The well-appointed kitchen is open to the living room and offers a generous amount of dark cabinetry, granite countertops, and stainless steel appliances. The family-sized living room is a comfortable space featuring a gas fireplace and gleaming wood floors. You will find the tranquil primary bedroom offering a soothing garden tub and separate shower. Impressive backyard with an extended patio ready for all of your patio furniture and a fun-filled weekend! Conveniently located off of Eldorado and Preston Rd.

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: Panther Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Panther Creek 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
Isabel Pierce Sem Elementary School Primary Regular 624 39 9
Libby Cash Maus Middle School Middle Regular 891 60 NA
Heritage High School High Regular 1,844 125 9

Isabel Pierce Sem Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
9
GreatSchools Rating

Libby Cash Maus Middle School

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

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,337
Property Tax -$763
Property Insurance -$158
HOA -$30
Property Management Fees -$99
CASH FLOW
-$427

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.

$384,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.51%

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% 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 $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9603$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 11092 Snyder Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.87
    •  
  • 10726 Astoria Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2006
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 11433 Yoakum Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,379 Sqft ∙ Built 2006
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 11366 Mansfield Drive Frisco, TX 4
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2005
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 10755 Providence Drive Frisco, TX 5
    • 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 2006
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499749
Last Updated: 01/14/2021
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