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11698 Henderson Frisco, TX 75035

4 Beds 3 Baths 2,702 sqft Built 2006

$354,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $131.35
  • 5 Days on Market
  • MLS # : 14461612
  • Updated Date : 10/31/2020 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,702 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Realty & Associates

Listing Agent's Description

MULTIPLE OFFERS. HIGHEST AND BEST DUE BY 12pm on Monday, Nov 2nd. Showing ending at 8pm on Sunday, Nov 1st. Seller will review all offers on Monday Nov 2nd at 5pm. Beautiful home with tons of upgrades. MOVE-IN ready! Premium LG corner lot in Panther Creek Estates across from park & backs up to greenbelt w trails.4 BRs,2.5 BAs,3 LVs,2 din areas home w master downstairs.Entry leads to LG family rm w FP,soaring ceilings, opens to the kit. Iron staircase leads to a LG game room.Recent renovations:LVP floors in LVs,kit,nook,hallway & entry,new carpets,new shower w gorgeous frameless glass door& quartz counters in master bath,new painting inside & outside,new SS gas cooktop&dishwasher,new baseboards &white cabinets.

SEE MORE

MARKET HIGHLIGHTS

  • . 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

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
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,309
Property Tax -$703
Property Insurance -$183
HOA -$38
Property Management Fees -$99
CASH FLOW
-$154

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.

$354,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.61%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1803$2,1954$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 11698 Henderson Frisco, TX 2
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.81
    •  
  • 11638 Henderson Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 2005
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 11613 Snyder Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 11315 Mansfield Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 11921 Kingsville Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2007
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jennifer Chen
United Realty & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461612
Last Updated: 10/31/2020
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