Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12018 Chattanooga Drive Frisco, TX 75035

3 Beds 2 Baths 1,417 sqft Built 1996

$339,999

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $239.94
  • 5 Days on Market
  • MLS # : 14532923
  • Updated Date : 03/25/2021 at 14:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,417 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

One Story Beauty in sought after Plantation Resort Frisco Texas One Story open floor plan with split bedrooms for privacy & oversized master bedroom 3 bedrooms 2 bath living room opens to kitchen gorgeous pool & large private backyard! Kitchen cabinets recently painted tongNgrove bead board in breakfast area New French doors with view of the pool from the family room Laminate wood floors in almost all rooms New carpet in bedrooms Fresh interior paint New front & back doors New Ceiling fans bedrooms & breakfast Roof 2017 New Pool Pump 2021 HVAC New Circuit Board 2021 Sprinkler system Relax in your well maintained Salt Water pool in your private backyard Charming one story US Natl Blue Ribbons School near retail

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: 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
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,181
Property Tax -$674
Property Insurance -$109
HOA -$28
Property Management Fees -$99
CASH FLOW
-$370

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.

$339,999

PROJECTED PRICE

$1,720

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

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

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,534

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7204$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 12018 Chattanooga Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.21
    •  
  • 12002 Biloxi Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996
    property image
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
  • 6541 Richmond Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1999
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 11603 Harbor Road Frisco, TX 4
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1997
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 11458 Newberry Drive Frisco, TX 5
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 2000
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.09
    •  
PROPERTY LISTING DETAILS
Debbie Boyce
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532923
Last Updated: 03/25/2021
BESbswy