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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $166.41
- 2 Days on Market
- MLS # : 14517297
- Updated Date : 02/13/2021 at 19:24
CONSTRUCTION
- Beds : 3
- Floor Size : 1,983 sqft
- Baths : 2 full
Listing Agent
Re/max Four Corners
Listing Agent's Description
This charming home in popular Panther Creek Community is situated on a gorgeous green belt! Privacy, beauty & nature abounds in this backyard, enjoy as you relax under your custom flagstone covered patio. Inside boasts warm engineered wood flooring, granite countertops, SS appliances, updated lighting, fresh paint & an open concept that is perfect for entertaining. Updated modern farmhouse style guest bath is beautiful! Large bedrooms & plenty of storage space. Spa-like master suite features views of the tranquil backyard. Living room is cozy & would make a perfect office or library. New roof & gutters (2019). Exemplary Frisco Schools. Comm pool, parks & trails. MULTIPLE OFFERS REC'D. OFFER DEADLINE SUN 5:00 PM
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 | $2,020 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$654 | |
| Property Insurance | -$142 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$59
|
||
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.
$330,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.61%
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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.5
YEARS SAVED
$10,488
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,008
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
11550 Henderson Drive Frisco, TX 4
- 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,020
- $1.02
-
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
-
11180 Snyder Drive Frisco, TX 2
- 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,998 Sqft ∙ Built 2003
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,900
- $0.95
-
11557 Snyder Drive Frisco, TX 3
- 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
-
11484 Henderson Drive Frisco, TX 5
- 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 2004
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,200
- $1.12
PROPERTY LISTING DETAILS
Re/max Four Corners
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14517297
Last Updated: 02/13/2021
