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12001 Auburn Lane Frisco, TX 75035

4 Beds 4 Baths 3,362 sqft Built 1996

$509,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $151.67
  • 5 Days on Market
  • MLS # : 14510732
  • Updated Date : 02/04/2021 at 17:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,362 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sawyer Realty Group

Listing Agent's Description

Beautiful 4 bed, 3.5 bath with a gorgeous pool! Large first floor master bedroom with built in cabinets, his and hers walk in closets. Fantastic master bath with slate stone, separate shower and tub. Spacious oversized eat in Chef's kitchen with granite, large island and SS appliances. New upstairs AC 2018, new pool pump motor 2019 and NEW ROOF will be done before closing. In 2015 - upgraded sprinkler system, exterior painted, pool re-plastered and tile added, pool heater replaced, new DW and Microwave & oven combo, reverse osmosis water purified and water softener, all 4 toilets replaced, 2 new gas water heaters. Walk-in attic. Tenant in place until April 30, 2021 and buyer must honor lease. Rent is $3095.

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

Neighborhood: Plantation Resort

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Plantation Resort

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
Claude Curtsinger Elementary School Primary Regular 624 39 10
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Claude Curtsinger Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
10
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$458,910$560,890$509,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,771
Property Tax -$1,011
Property Insurance -$221
HOA -$28
Property Management Fees -$99
CASH FLOW
-$480

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.

$509,900

PROJECTED PRICE

$2,650

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
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$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,690

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5953$2,6504$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 12001 Auburn Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,362 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,362 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
  • 12101 Jereme Trail Frisco, TX 1
    • 5 beds 3 baths ∙ 3,224 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,224 Sqft ∙ Built 1996
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.77
    •  
  • 5710 Roanoke Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,429 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,429 Sqft ∙ Built 1996
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.76
    •  
  • 12015 Wishing Well Court Frisco, TX 4
    • 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,432 Sqft ∙ Built 2000
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
  • 12005 Auburn Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 1996
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.85
    •  
PROPERTY LISTING DETAILS
Kristin Frie
Sawyer Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510732
Last Updated: 02/04/2021
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