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11707 Coronado Trail Frisco, TX 75033

4 Beds 4 Baths 4,025 sqft Built 2008

$750,000

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $186.34
  • 2 Days on Market
  • MLS # : 14481781
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,025 sqft
  • Baths : 3 full , 1 half
Listing Agent

Success Realty Group

Listing Agent's Description

Previous Model Home for Hunnington Homes, this Home will delight from moment you enter. Architectural Features will impress throughout. Coffered Ceiling in Study with complete Wall of Custom Built-In Cabinetry. Master Chef Kitchen with SS Wolf Appliances and Sub Zero Built In Refrigerator. Master Bath has Tile & Glass Inlay in Floor & adjoining spacious Custom Closet. Upstairs there's a Gameroom, Family size Media Room w Wet Bar & 3 Bedrooms. Outside you'll enjoy sumptuous Backyard w Pool, Spa, custom Stonework, Water Features, & Outdoor Living Area w Fireplace. 3 Car Tandem Style Garage w Gladiator Rails to attach Cabinets. Automatic Gate for the Rear Drive-in Entry from Private Alley. Your own Private Oasis!

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: Country Club Ridge at the Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k556k

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

Neighborhood: Country Club Ridge at the Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263396

* 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
George And Debra Purefoy Elementary School Primary Regular 682 40 9
Bennett And Alma Griffin Middle School Middle Regular 815 56 10
Justin Wakeland High School High Regular 2,220 140 9

George And Debra Purefoy Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 40
9
GreatSchools Rating

Bennett And Alma Griffin Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 56
10
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$2,767
Property Tax -$1,320
Property Insurance -$260
HOA -$44
Property Management Fees -$99
CASH FLOW
-$420

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.

$750,000

PROJECTED PRICE

$4,070

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,070

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,290

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1953$3,2804$3,6005$4,070
$4,070
RENT COMPS ANALYSIS
  • 11707 Coronado Trail Frisco, TX 5
    • 4 beds 4 baths ∙ 4,025 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,025 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $1.01
    •  
  • 2863 Appalachian Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 4,002 Sqft ∙ Built 2012 5 beds 4 baths ∙ 4,002 Sqft ∙ Built 2012
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.74
    •  
  • 2969 Appalachian Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2013
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.82
    •  
  • 3088 Rembert Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.80
    •  
  • 2901 Horseshoe Trail Frisco, TX 4
    • 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Malia Baker
Success Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481781
Last Updated: 12/05/2020
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