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11305 Sunrise Lane Frisco, TX 75035

3 Beds 2 Baths 1,983 sqft Built 1995

$405,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $204.69
  • 5 Days on Market
  • MLS # : 14507524
  • Updated Date : 02/03/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,983 sqft
  • Baths : 2 full
Listing Agent

Megastar Realty Group,ltd

Listing Agent's Description

Awesome 3 bedrooms, 2 baths, 2 car, 2 living rooms, 1 story home with great curb appeal in Plantation resort. Highly acclaimed Curtsinger Elementary school. Family room with wall of windows overlooking golf course. Beautiful view of plantation golf course, backyard with putting green. Wood laminate flooring in living,dining,formals. Community pool, tennis court, greenbelt. Park and playground area close by. Conveniently located near stonebriar mall,restaurants, near Dallas tollway & Highway 121, Toyota Headquarters. Fresh paint inside and some updates. HOA dues are only $195 per year!!

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 Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Plantation Resort Sunrise

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
 

$365,310$446,490$405,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,410
Property Tax -$805
Property Insurance -$142
HOA -$16
Property Management Fees -$99
CASH FLOW
-$411

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.

$405,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$113,314

INVESTMENT

$113,314

Down Payment
$101,475
Rehab Estimate
$5,750
Closing Costs
$6,089

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,410

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,475
Loan Amount $304,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,117

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0503$2,0604$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 11305 Sunrise Lane Frisco, TX 3
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.04
    •  
  • 10617 Memphis Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1995
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 5313 Mosscreek Lane Frisco, TX 2
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1994
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.03
    •  
  • 5016 Promise Land Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1992
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.07
    •  
  • 5412 Promise Land Drive Frisco, TX 5
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1988
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
PROPERTY LISTING DETAILS
Al Taghizadeh
Megastar Realty Group,ltd
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507524
Last Updated: 02/03/2021
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