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11357 Powder Horn Lane Frisco, TX 75033

5 Beds 4 Baths 4,104 sqft Built 2006

$700,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.57
  • 1 Days on Market
  • MLS # : 14532608
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,104 sqft
  • Baths : 4 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

PERFECT LOCATION! CORNER LOT, PRIVATE BACKYARD! SIDES TO GREENBELT! OPEN FLOORPLAN WITH WINDOWS LOOKING OUT TO POOL! MASTER AND SECONDARY BEDROOM DOWNSTAIRS, 3 BEDROOMS, GAME ROOM AND MEDIA ROOM UP! TANKLESS WATER HEATER, RADIANT BARRIER IN ATTIC WITH ADDITIONAL INSULATION!

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$2,431
Property Tax -$1,232
Property Insurance -$264
HOA -$50
Property Management Fees -$99
CASH FLOW
-$587

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.

$700,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.50%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,535

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,478

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,4903$3,5004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 11357 Powder Horn Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 4,104 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,104 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $0.85
    •  
  • 3088 Rembert Drive Frisco, TX 1
    • 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 3
    • 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 4
    • 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
    •  
  • 11430 Lenox Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 4,029 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,029 Sqft ∙ Built 2005
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Robin Everly
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 #: 14532608
Last Updated: 03/13/2021
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