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11312 Hubbard Creek Drive Frisco, TX 75036

5 Beds 4 Baths 3,557 sqft Built 2014

$389,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $109.36
  • 2 Days on Market
  • MLS # : 14479076
  • Updated Date : 12/05/2020 at 10:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,557 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Spacious 5-bedroom home located in coveted Enclave at Hidden Cove close to Lake Lewisville. Wood floors, curved arches & neutral paints are sure to delight. Formal Dining Room perfect for entertaining. Spacious Family Room opens to the island kitchen boasting granite counters, SS appliances, tile backsplash and abundant cabinet & counter space. Private 1st-floor Owner Suite with dual vanities, garden tub & separate shower. Huge Game Room, fully wired Media room with stadium seating & over-sized bedrooms with walk in closets. Pergola covered patio is perfect for entertaining. Amazing community amenities including gated entrance, pool, greenbelt, jog and bike path, park, playground, private lake and pond.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75036

No Data Available.

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

Zip Code: 75036

No Data Available.

* 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
Hackberry Elementary School Primary Regular 657 43 5
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Hackberry Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 43
5
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,435
Property Tax -$685
Property Insurance -$233
HOA -$53
Property Management Fees -$99
CASH FLOW
$395

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$389,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$49,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,290

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,525
1$2,5252$2,9003$3,3004$3,3955$3,499
$3,499
RENT COMPS ANALYSIS
  • 11312 Hubbard Creek Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,557 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,557 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.82
    •  
  • 5213 Texana Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,525
    • $0.74
    •  
  • 2832 London The Colony, TX 3
    • 5 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018
    LEASED 07/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.99
    •  
  • 2940 Broughton The Colony, TX 4
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.98
    •  
  • 8336 Richmond The Colony, TX 5
    • 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $0.99
    •  
PROPERTY LISTING DETAILS
Christie Cannon
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 #: 14479076
Last Updated: 12/05/2020
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