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11473 Glen Rose Drive Frisco, TX 75035

4 Beds 3 Baths 3,078 sqft Built 2007

$405,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $131.58
  • 7 Days on Market
  • MLS # : 14478477
  • Updated Date : 12/05/2020 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,078 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Multiple Offers!! Gorgeous 3 car garage home in the award-winning neighborhood of Panther Creek Estates close to Frisco's amazing Northeast Community Park. Be greeted by vaulted ceilings, designer lighting, a beautiful staircase, and study which can also be used as a living room. First floor also offers a chef's kitchen and nook open to family room, storage closets, a bed and bath. 3 more generous sized bedrooms and large game rooms upstairs. Enjoy Texas' stunning cotton candy skies from the huge backyard surrounded by a rich 8' board on board cedar fence. Recent updates GALORE including 20 SEER AC units, roof, 2 water heaters, commodes, sink, faucet, lighting.

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

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,494
Property Tax -$803
Property Insurance -$200
HOA -$38
Property Management Fees -$99
CASH FLOW
-$374

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.

$405,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,521

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,2604$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 11473 Glen Rose Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.76
    •  
  • 12954 Michelle Drive Frisco, TX 1
    • 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2011 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2011
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 11315 Mansfield Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 12199 N Antler Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2017
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
  • 10695 Villanova Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kam Gill
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478477
Last Updated: 12/05/2020
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