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11382 Barcelona Lane Frisco, TX 75035

5 Beds 5 Baths 4,333 sqft Built 2015

$625,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $144.24
  • 2 Days on Market
  • MLS # : 14494943
  • Updated Date : 01/15/2021 at 23:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,333 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

RELOCATION PRICED UNDER MARKET. Barely lived in home features 5 bedrooms plus study, 4.1 bathrooms, 3 living areas, over size game room and OVERSIZED Theater room, mother in-law suite, a grand foyer with soaring ceilings, open floor plan, master bedroom with bay windows, 3 car garage, hardwood floors, upgraded kitchen with SS appliances, eat in kitchen plus two dining areas, dry bar, oversize formal dining, stone fireplace, cover patio and large backyard, playground and park across the street. Wonderful amenities and community pool.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,171
Property Tax -$1,239
Property Insurance -$278
HOA -$8
Property Management Fees -$99
CASH FLOW
-$415

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.

$625,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.54%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,087

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$2,9504$3,2005$3,380
$3,380
RENT COMPS ANALYSIS
  • 11382 Barcelona Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 4,333 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,333 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $0.78
    •  
  • 14527 Carlos Street Frisco, TX 1
    • 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2016
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.69
    •  
  • 11485 Jasper Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,274 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,274 Sqft ∙ Built 2006
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 12326 Bridgeport Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 4,158 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,158 Sqft ∙ Built 2016
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.71
    •  
  • 10678 Toffenham Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 4,182 Sqft ∙ Built 2011 5 beds 4 baths ∙ 4,182 Sqft ∙ Built 2011
    property image
    LEASED 12/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.77
    •  
PROPERTY LISTING DETAILS
Renee Mccurdy
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 #: 14494943
Last Updated: 01/15/2021
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