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11302 Tenison Lane Frisco, TX 75033

4 Beds 3 Baths 2,843 sqft Built 2004

$454,900

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $160.01
  • 1 Days on Market
  • MLS # : 14522233
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,843 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

BEAUTIFUL TRADITIONAL ON THE GOLF COURSE IN THE FAIRWAYS! Spacious kitchen, living and dining are perfect for entertaining. 4 Bedrooms, 2.5 Baths, 2 Car, features stainless appliances, granite countertops, large island, office and media room. Bring your decorative ideas and make it your own! Outdoor living patio, overlooking golf course, includes a gas grill, stone built-ins and wrought iron fence. Enjoy all of the amenities of The Fairways, including community pool, club house, playground and greenbelts. Minutes from The North Dallas Tollway, Downtown Frisco, Shopping, Restaurants and Entertainment. Don't miss out on the opportunity to live in one of Frisco's most sought-after neighborhoods!

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
 

$409,410$500,390$454,900

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,580
Property Tax -$801
Property Insurance -$191
HOA -$42
Property Management Fees -$99
CASH FLOW
-$223

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.

$454,900

PROJECTED PRICE

$2,490

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

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

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$126,299

INVESTMENT

$126,299

Down Payment
$113,725
Rehab Estimate
$5,750
Closing Costs
$6,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,725
Loan Amount $341,175
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,4903$2,5004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 11302 Tenison Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,843 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.88
    •  
  • 11308 Blackhawk Drive Frisco, TX 1
    • 5 beds 3 baths ∙ 2,817 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,817 Sqft ∙ Built 2001
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.88
    •  
  • 11238 Tenison Lane Frisco, TX 3
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 11279 Las Polamas Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,867 Sqft ∙ Built 2000
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 11245 Tenison Lane Frisco, TX 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.90
    •  
PROPERTY LISTING DETAILS
Darin Comstock
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522233
Last Updated: 03/13/2021
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