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11880 Buffalo Hills Drive Frisco, TX 75035

4 Beds 4 Baths 2,811 sqft Built 2020

INVESTimate

$508,372

List Price

$2,630

$2,380 - $2,880

Rent Est.

$538,213  ( +5.87%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $180.85
  • 9 Days on Market
  • MLS # : 14415876
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,811 sqft
  • Baths : 3 full , 1 half
Listing Agent

American Legend Homes

Listing Agent's Description

Beautiful 1 story home with 4 bedrooms, 3 full baths, 1 powder bath, formal dining area, media room and study with a 3-car tandem garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$457,535$559,209$508,372

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,876
Property Tax -$865
Property Insurance -$190
HOA -$65
Property Management Fees -$99
CASH FLOW
-$464

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$508,372

PROJECTED PRICE

$2,630

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.87%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,719

INVESTMENT

$136,719

Down Payment
$127,093
Rehab Estimate
$2,000
Closing Costs
$7,626

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,093
Loan Amount $381,279
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,607

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,249
1$2,2492$2,6003$2,6304$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 11880 Buffalo Hills Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.94
    •  
  • 517 Harcourt Avenue Mckinney, TX 1
    • 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,765 Sqft ∙ Built 2016
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.81
    •  
  • 15142 Rosario Road Frisco, TX 2
    • 3 beds 3 baths ∙ 2,717 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,717 Sqft ∙ Built 2020
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.96
    •  
  • 12199 N Antler Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
  • 14014 Susana Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,845 Sqft ∙ Built 2015
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.02
    •  
PROPERTY LISTING DETAILS
Eric Stanley
American Legend Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415876
Last Updated: 08/19/2020
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