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11566 Caladium Lane Frisco, TX 75035

4 Beds 4 Baths 3,178 sqft Built 2013

$465,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $146.32
  • 3 Days on Market
  • MLS # : 14538518
  • Updated Date : 03/27/2021 at 17:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,178 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

American Legend home in 5 star community Villages as Willow Bay. This fantastic 4 bedroom has a study, dining, media, game and 2 primary rooms. Features updated wood floors and whole home water filtration with reverse osmosis filter in kitchen. The back yard features extended patio with stone & a pergola. This location is off of Eldorado near schools, shopping and dining. The private study is off the entrance has large closet and could be a 5th bedroom. The dining room connects with a chefs kitchen that has a gas stove, SS appliance and a large island. Kitchen is open concept with the living area that has a gas fire place. Great curb appeal with stone work. Community features, pools, and greenbelts.

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: Copper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Copper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Liscano Elementary School Primary Regular NA
Nelson Middle School Middle Unknown NA
Independence High School High Unknown 1,161 102 9

Liscano Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Nelson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,615
Property Tax -$922
Property Insurance -$211
HOA -$35
Property Management Fees -$99
CASH FLOW
-$412

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.

$465,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,455

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,4704$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 11566 Caladium Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,178 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.78
    •  
  • 10205 Brenden Drive Mckinney, TX 1
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 2004
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 11819 Singing Brook Road Frisco, TX 2
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2004
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.74
    •  
  • 13931 Pomegranate Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2014
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 10400 Sexton Drive Mckinney, TX 5
    • 4 beds 4 baths ∙ 3,253 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,253 Sqft ∙ Built 2009
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.83
    •  
PROPERTY LISTING DETAILS
Lucie Warfield
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538518
Last Updated: 03/27/2021
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