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11292 Berkeley Hall Lane Frisco, TX 75033

5 Beds 5 Baths 4,230 sqft Built 2008

$592,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $139.95
  • 5 Days on Market
  • MLS # : 14524717
  • Updated Date : 03/05/2021 at 11:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,230 sqft
  • Baths : 5 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Gorgeous West facing home in sought after Shaddock Creek. This well maintained K. Hovnanian Home has designer touches throughout. Chefs will love the well appointed kitchen. Stainless appliances include GAS stove, dbl ovens, topped off with granite counters. Beautiful hardwood floors greet you as you walk in to this open floor plan home. Large Master and Guest bedroom down, take either the stairs or the ELEVATOR to second floor to access the other 3 bedrooms, gameroom and media room. Enjoy entertaining family and friends outside under the large covered rear patio with built in fireplace and outdoor kitchen. This home feeds into excellent schools, near shopping and major employers. Do not miss this home.

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: Shaddock Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k692k

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

Neighborhood: Shaddock Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264310

* 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
Pink Elementary School Primary Regular 584 38 10
Bennett And Alma Griffin Middle School Middle Regular 815 56 10
Justin Wakeland High School High Regular 2,220 140 9

Pink Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 38
10
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
 

$532,800$651,200$592,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,056
Property Tax -$1,042
Property Insurance -$272
HOA -$50
Property Management Fees -$99
CASH FLOW
-$59

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.

$592,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$20k$25k

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$162,630

INVESTMENT

$162,630

Down Payment
$148,000
Rehab Estimate
$5,750
Closing Costs
$8,880

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,000
Loan Amount $444,000
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$21,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,426

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,2803$3,4604$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 11292 Berkeley Hall Lane Frisco, TX 3
    • 5 beds 5 baths ∙ 4,230 Sqft ∙ Built 2008 5 beds 5 baths ∙ 4,230 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $0.82
    •  
  • 10215 Tambra Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.74
    •  
  • 3088 Rembert Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.80
    •  
  • 4219 Bal Harbour Frisco, TX 4
    • 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.83
    •  
  • 11112 Powder Horn Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2011 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2011
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
John Wendell
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14524717
Last Updated: 03/05/2021
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