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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $172.67
- 3 Days on Market
- MLS # : 14473743
- Updated Date : 11/20/2020 at 09:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,027 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Nestled in the Plantation Resort golf community, this one-story home is a must-see! Centrally located with top-rated Frisco ISD schools and easy access to major highways, shopping and dining. Open floor plan features split bedrooms that’s move-in ready with neutral paint and updated flooring. Fall in love with a renovated kitchen that boasts double ovens, induction cooktop, updated granite counters, backsplash and freshly painted cabinets. Charming fireplace adds a unique touch of character that flows into the oversized dining area. Spacious owner’s suite and spa bath retreat. Natural light-filled fourth bedroom is a great fit for an office. Open patio overlooks a private yard with raised garden and gas hookup.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Plantation Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Plantation Resort
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$694 | |
| Property Insurance | -$144 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$256
|
||
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.
$350,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
1.42
YEARS SAVED
$3,352
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,103
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
11200 New Orleans Drive Frisco, TX 1
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
11200 Jereme Trail Frisco, TX 2
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1992
LEASED 01/19/20- Rent
- Rent Per SQFT
- $2,100
- $1.04
-
11305 Sunrise Lane Frisco, TX 3
- 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995
LEASED 05/10/20- Rent
- Rent Per SQFT
- $2,100
- $1.06
-
10614 Memphis Drive Frisco, TX 4
- 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 1995
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,150
- $0.97
-
11212 Jereme Trail Frisco, TX 5
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 1992
LEASED 12/10/19- Rent
- Rent Per SQFT
- $2,195
- $1.08
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473743
Last Updated: 11/20/2020
