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11513 Corsicana Drive Frisco, TX 75035

4 Beds 2 Baths 1,796 sqft Built 2004

$339,888

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $189.25
  • 2 Days on Market
  • MLS # : 14505291
  • Updated Date : 01/23/2021 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Panther Creek Estate in Frisco! A Must See if you are looking for excellent Collin County schools! Well maintained one story in Frisco, floor replaced in 2015 with tile that looks like wood and carpet, granite in kitchen and new backsplash as well as new fireplace tiling. Ceiling fans in all the bedrooms, Cedar fence with metal poles, Oven and cooktop replaced in 2016. Flooring added to the garage attic for extra storage. Line added to sprinkler system for foundation maintenance. New water heater replaced in 2020. Walking distance to huge beautiful community parks and swimming pool.

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: 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
 

$305,899$373,877$339,888

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,181
Property Tax -$674
Property Insurance -$131
HOA -$48
Property Management Fees -$99
CASH FLOW
-$273

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.

$339,888

PROJECTED PRICE

$1,860

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,820

INVESTMENT

$95,820

Down Payment
$84,972
Rehab Estimate
$5,750
Closing Costs
$5,098

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,972
Loan Amount $254,916
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8603$1,9004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 11513 Corsicana Drive Frisco, TX 2
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.04
    •  
  • 11479 Snyder Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 11474 La Grange Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2006
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 11877 Del Rio Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2004
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 11557 Snyder Drive Frisco, TX 5
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Max Tsai
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505291
Last Updated: 01/23/2021
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