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11119 Pattison Drive 
Frisco, TX
75035
4 Beds 3 Baths 3,658 sqft
Built 2016
INVESTimate
$559,000
List Price
$153,885
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $152.82
- 2 Days on Market
- MLS # : 14420302
- Updated Date : 08/25/2020 at 05:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,658 sqft
- Baths : 3 full
Listing Agent
Re/max Four Corners
- . 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: Copper Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copper Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$2,062 |
| Property Tax | -$1,108 | |
| Property Insurance | -$239 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,037
|
||
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.
$559,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.80% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$153,885
LOAN DETAILS
$2,062
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,750 |
| Loan Amount | $419,250 |
0
YEARS SAVED
$27
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,789
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
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- Rent
- Rent Per SQFT
- $2,500
- $0.68
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- 5 beds 4 baths ∙ 3,660 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,660 Sqft ∙ Built 2012
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LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,700
- $0.74
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13836 Hot Springs Lane Frisco, TX 3
- 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,700
- $0.74
-
13865 Pomegranate Drive Frisco, TX 4
- 4 beds 4 baths ∙ 3,840 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,840 Sqft ∙ Built 2013
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LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,895
- $0.75
-
11500 Geranium Frisco, TX 5
- 5 beds 4 baths ∙ 3,528 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,528 Sqft ∙ Built 2011
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,900
- $0.82
PROPERTY LISTING DETAILS
Re/max Four Corners
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420302
Last Updated: 08/25/2020
