Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11478 Wovenedge Court Frisco, TX 75035

5 Beds 4 Baths 3,642 sqft Built 2004

$560,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $153.76
  • 3 Days on Market
  • MLS # : 14525351
  • Updated Date : 03/04/2021 at 23:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,642 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dallas Suburbs

Listing Agent's Description

Beautifully updated Five bedroom Frisco Pool home, with an AMAZING back yard oasis. A quarter of an acre lot which allows you plenty of space for your family to play and enjoy your own sparkling pool and heated spa with a fabulous outdoor kitchen including a refrigerator, 52 inch grill, ceiling fans and a custom audio system. The spacious kitchen boasts High End Granite Kitchen Countertops, with an Extended granite island, new cabinets and hardware installed, and Updated Stainless Steel Kitchen Appliances. The home sits on a Cul De Sac street for privacy and is close to every major highway, The North Dallas tollway and Preston Rd. An easy walk to Frisco's Exemplary rated schools.

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: Preston Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Preston Vineyards

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
Bessie Gunstream Elementary School Primary Regular 698 42 8
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Bessie Gunstream Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
8
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$1,945
Property Tax -$1,110
Property Insurance -$238
HOA -$28
Property Management Fees -$99
CASH FLOW
-$709

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.

$560,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$72

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,677

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5803$2,7104$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 11478 Wovenedge Court Frisco, TX 3
    • 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.74
    •  
  • 6503 White Oaks Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 3,472 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,472 Sqft ∙ Built 1997
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.69
    •  
  • 7506 Creekmere Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.71
    •  
  • 7452 Plowman Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,737 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,737 Sqft ∙ Built 2015
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 11178 Mosaic Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,594 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,594 Sqft ∙ Built 2014
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.79
    •  
PROPERTY LISTING DETAILS
Tom May
Re/max Dallas Suburbs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14525351
Last Updated: 03/04/2021
BESbswy