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11229 Tenison Lane Frisco, TX 75033

5 Beds 4 Baths 3,568 sqft Built 2001

$465,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $130.33
  • 4 Days on Market
  • MLS # : 14519211
  • Updated Date : 03/20/2021 at 13:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,568 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Come see this EAST facing spacious home in the highly desirable Fairways subdivision in Frisco. Home features 5 bedrooms and 4 Bathrooms, has an open floor plan with large windows, high ceilings, game room and a swimming pool.

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: The Fairways

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: The Fairways

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
George And Debra Purefoy Elementary School Primary Regular 682 40 9
Bennett And Alma Griffin Middle School Middle Regular 815 56 10
Justin Wakeland High School High Regular 2,220 140 9

George And Debra Purefoy Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 40
9
GreatSchools Rating

Bennett And Alma Griffin Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 56
10
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,615
Property Tax -$818
Property Insurance -$233
HOA -$30
Property Management Fees -$99
CASH FLOW
-$56

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.

$465,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$17,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,792

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6903$2,6904$2,7405$2,945
$2,945
RENT COMPS ANALYSIS
  • 11229 Tenison Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 3,568 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,568 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.77
    •  
  • 11161 Balcones Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,372 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,372 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.74
    •  
  • 2131 Crowbridge Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.78
    •  
  • 11146 Silver Horn Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,519 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,519 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.76
    •  
  • 3203 Overhill Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,462 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,462 Sqft ∙ Built 2006
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,945
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jason Criss
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 #: 14519211
Last Updated: 03/20/2021
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