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11390 Corsicana Drive Frisco, TX 75035

4 Beds 5 Baths 3,695 sqft Built 2006

$442,850

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
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

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

Neighborhood: Panther Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Panther Creek Estates

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
Isabel Pierce Sem Elementary School Primary Regular 624 39 9
Libby Cash Maus Middle School Middle Regular 891 60 NA
Heritage High School High Regular 1,844 125 9

Isabel Pierce Sem Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
9
GreatSchools Rating

Libby Cash Maus Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 60
NA
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$398,565$487,135$442,850

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,105

INVESTMENT

$123,105

Down Payment
$110,713
Rehab Estimate
$5,750
Closing Costs
$6,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,713
Loan Amount $332,138
See What Happens When You Reinvest Cash Flow

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
$2,495
1$2,4952$2,5003$2,6104$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 11390 Corsicana Drive Frisco, TX 3
    • 4 beds 5 baths ∙ 3,695 Sqft ∙ Built 2006 4 beds 5 baths ∙ 3,695 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.71
    •  
  • 12132 Terrazzo Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 3,625 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,625 Sqft ∙ Built 2006
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.69
    •  
  • 10438 Coach House Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,508 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,508 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 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
    • 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2012
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Beckye Evans
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488567
Last Updated: 12/26/2020
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