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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $148.66
- 4 Days on Market
- MLS # : 14470664
- Updated Date : 11/19/2020 at 12:04
CONSTRUCTION
- Beds : 4
- Floor Size : 3,767 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Spectacular NORTH facing home located @ Miramonte Estates in Frisco, TX! Exemplary Prosper schools! Home features 2 bedrooms downstairs including the Master Bedroom Suite looking out to an OVERSIZED backyard with covered patio ALONG with a home office-study. Open concept is enhanced by light neutral color palette, rich wood flooring throughout downstairs (carpet in the master and guest suites), a gorgeous kitchen with an oversized island, pantry, white cabinets, granite countertops, gas stove and SS appliances. Upstairs features 2 bedrooms and a full bathroom along with a media room and a game room! Community features include a pool, clubhouse, walking path and on-site elementary school.
SEE MORE
- 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
Zip Code: 75035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,880 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$1,110 | |
| Property Insurance | -$245 | |
| HOA | -$83 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$723
|
||
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.
$559,999
PROJECTED PRICE
$2,880
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.9% |
| 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
$154,150
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $140,000 |
| Loan Amount | $419,999 |
0.17
YEARS SAVED
$128
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,929
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
11553 Teresa Lane Frisco, TX 4
- 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,880
- $0.76
-
11176 Progreso Street Frisco, TX 1
- 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $2,700
- $0.75
-
11532 Gatesville Drive Frisco, TX 2
- 5 beds 4 baths ∙ 3,793 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,793 Sqft ∙ Built 2006
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,795
- $0.74
-
11453 Santa Maria Road Frisco, TX 3
- 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 2016
![property image]()
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,850
- $0.78
-
13863 Posada Drive Frisco, TX 5
- 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2019 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2019
![property image]()
LEASED 05/22/20- Rent
- Rent Per SQFT
- $3,000
- $0.84
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470664
Last Updated: 11/19/2020
