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11248 Tavern Creek Court Frisco, TX 75035

3 Beds 4 Baths 3,870 sqft Built 1999

$639,500

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $165.25
  • 4 Days on Market
  • MLS # : 14518748
  • Updated Date : 02/25/2021 at 09:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,870 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Beautifully updated home with an inviting private oasis in a spectacular backyard setting on an oversized, cul-de-sac lot. Home sits minutes away from major highways, restaurants and shopping. Open kitchen boasts gorgeous granite c-tops, island, gas cooking, SS appliances including double ovens and ample cabinets for storage. Stunning hand scrape wood floors graze most first floor. Winding staircase includes decorative wrought iron spindles. Dramatic see-thru fireplace between master BR and LA. Master bath includes seamless glass shower, granite c-tops and a lg walk-in closet. Game room with wet bar up shares 2 full BTHS and 2 large BR. Adding a 4th BR upstairs would be a simple addition. Fabulous Frisco ISD

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Plantation Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Plantation Springs

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
Smith Elementary School Primary Regular 603 39 9
Adelle R. Clark Middle School Middle Regular 853 65 8
Lebanon Trail High School High Unknown NA

Smith Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 39
9
GreatSchools Rating

Adelle R. Clark Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 65
8
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$575,550$703,450$639,500

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,221
Property Tax -$1,268
Property Insurance -$251
HOA -$37
Property Management Fees -$99
CASH FLOW
-$1,185

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.

$639,500

PROJECTED PRICE

$2,690

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,218

INVESTMENT

$175,218

Down Payment
$159,875
Rehab Estimate
$5,750
Closing Costs
$9,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,221

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,875
Loan Amount $479,625
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$42

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,728

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6903$2,7454$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 11248 Tavern Creek Court Frisco, TX 2
    • 3 beds 4 baths ∙ 3,870 Sqft ∙ Built 1999 3 beds 4 baths ∙ 3,870 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.70
    •  
  • 9715 Madison Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,761 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,761 Sqft ∙ Built 2000
    property image
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.69
    •  
  • 9698 Sean Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 4,041 Sqft ∙ Built 2000 4 beds 4 baths ∙ 4,041 Sqft ∙ Built 2000
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $0.68
    •  
  • 11312 Alexandria Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 1993
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.70
    •  
  • 8721 Havant Lane Plano, TX 5
    • 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,016 Sqft ∙ Built 2002
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.75
    •  
PROPERTY LISTING DETAILS
Cindy Bogle
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518748
Last Updated: 02/25/2021
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