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11567 Castle Brook Lane Frisco, TX 75035

5 Beds 4 Baths 3,706 sqft Built 2005

$474,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $128.14
  • 4 Days on Market
  • MLS # : 14480114
  • Updated Date : 12/03/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,706 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Just in time for the holiday season this magnificent present all bundled up in 3706 sq ft in Stonelake Estates is your personal gift to yourself and family. Fresh carpet and designer paint in November 2020 add a fresh face to this wonderful home. Beautiful hardwood oak floors, vaulted ceilings, fireplace, and gorgeous trim work really warm the space and add that special touch. The kitchen features granite countertops, an island, ss appliances, and is open to the family room. A handsome master suite features a hardwoods, a bay window and a good sized closet for storage. Plenty of room upstairs for entertaining with your personal gameroom and media room just waiting for fun. Wonderful location with Frisco ISD!

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: Stonelake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stonelake Estates

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
Lucille Rogers Ashley Elementary School Primary Regular 848 46 9
Independence High School High Unknown 1,161 102 9
Nelson Elementary School Primary Regular NA

Lucille Rogers Ashley Elementary School

  • Education Level: Primary
  • # of students: 848
  • # of teachers: 46
9
GreatSchools Rating

Independence High School

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

Nelson Elementary School

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

$427,410$522,390$474,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,752
Property Tax -$941
Property Insurance -$241
HOA -$44
Property Management Fees -$99
CASH FLOW
-$148

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.

$474,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.2%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$13,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,909

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8503$2,9304$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 11567 Castle Brook Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.79
    •  
  • 15171 Appaloosa Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,668 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,668 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 15631 Fox Meadow Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,706 Sqft ∙ Built 2005
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.77
    •  
  • 14952 Maroon Bells Lane Frisco, TX 4
    • 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
  • 15855 Atkins Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Efrem Silerio
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480114
Last Updated: 12/03/2020
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