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11741 Frontier Drive Frisco, TX 75033

4 Beds 4 Baths 4,404 sqft Built 2005

$569,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $129.20
  • 2 Days on Market
  • MLS # : 14460880
  • Updated Date : 11/07/2020 at 18:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,404 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Outstanding Highland Home located in sought after Eldorado Fairways zoned for FISD and Wakeland High School. Over $75K in updates featuring engineered hardwood floors, designer paint throughout, kitchen refresh with ripple tile backsplash, painted custom cabinetry and hardware, select Kitchenaid appliances, and plantation shutters. Functional updates include: roof (2014), large AC unit and 2 new 50 gallon water heaters (2017). Home features excellent floor plan with master and study downstairs, 3 bedrooms, media, game and bonus room upstairs. Walking distance to 8 acre park, community swimming pool, jogging trails, and 2 parks.

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: 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
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,099
Property Tax -$1,002
Property Insurance -$274
HOA -$50
Property Management Fees -$99
CASH FLOW
-$474

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.

$569,000

PROJECTED PRICE

$3,050

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,355

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0503$3,2804$3,3005$3,650
$3,650
RENT COMPS ANALYSIS
  • 11741 Frontier Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.71
    •  
  • 2231 Hague Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 2007
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.73
    •  
  • 3088 Rembert Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,090 Sqft ∙ Built 2015
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.80
    •  
  • 13102 Superior Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 4,425 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,425 Sqft ∙ Built 2006
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.75
    •  
  • 11693 Mirage Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 4,242 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,242 Sqft ∙ Built 2005
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.86
    •  
PROPERTY LISTING DETAILS
Heather Chiniara
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460880
Last Updated: 11/07/2020
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