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11200 New Orleans Drive Frisco, TX 75035

4 Beds 2 Baths 2,027 sqft Built 1995

$350,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Plantation Resort

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
Claude Curtsinger Elementary School Primary Regular 624 39 10
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Claude Curtsinger Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
10
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,1003$2,1004$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 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
Savannah Dunn
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473743
Last Updated: 11/20/2020
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