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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $119.85
- 2 Days on Market
- MLS # : 14488567
- Updated Date : 12/26/2020 at 21:54
CONSTRUCTION
- Beds : 4
- Floor Size : 3,695 sqft
- Baths : 4 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Former Model Home with Upgrades on Corner lot in Panther Creek.Elementary and Middle Schools inside neighborhood.Open Floor Plan for all your Entertaining Needs,Kitchen Boasts Granite Counter tops,Island with Breakfast Bar,Tons of Cabinets ,Butlers Pantry and Wine Fridge make this Kitchen complete.Game Room and Media Room with Wet Bar.2 Master Suites for the Mutli-Generational or a Guest Suite. Downstairs Masters Completely Updated Master Suite Bath fit for a Queen,Granite Counters,Separate Tiled Shower,Soaker Tub,Dual Vanities and Walk in closet.All 4 Bedrooms have their Own Baths.Half bath down for your guest needs.Study.Large Backyard.HOA includes,Pools,Jogging Trails,Parks,Skating Parks,Basketball Courts.
SEE MORE
- . 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
Neighborhood: Panther Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panther Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$1,634 |
| Property Tax | -$878 | |
| Property Insurance | -$241 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$275
|
||
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.
$442,850
PROJECTED PRICE
$2,610
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,105
LOAN DETAILS
$1,634
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,713 |
| Loan Amount | $332,138 |
1.58
YEARS SAVED
$5,550
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,660
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $2,500
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10842 Providence Drive Frisco, TX 4
- 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2007
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,695
- $0.70
-
11449 Corsicana Drive Frisco, TX 5
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LEASED 08/29/20- Rent
- Rent Per SQFT
- $2,800
- $0.78
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488567
Last Updated: 12/26/2020
