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12055 Cobblestone Drive Frisco, TX 75035

3 Beds 2 Baths 1,815 sqft Built 2000

$329,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $181.76
  • 6 Days on Market
  • MLS # : 14489914
  • Updated Date : 12/23/2020 at 11:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,815 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Wonderful home with all the things you would want for your family. Beautiful wood floors, oversized porcelain tile in the kitchen, custom cabinets granite counters in the kitchen and baths frameless shower, new carpet and paint, huge backyard and two car garage. Custom textured walls granite accented fireplace and many more upgrades!!! Very beautiful unique house that you will absolutely love! Come check it out today!!! Tenant occupied until January 2022

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: Villages of Lake Brook Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Villages of Lake Brook Farms

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,217
Property Tax -$654
Property Insurance -$132
HOA -$58
Property Management Fees -$99
CASH FLOW
-$251

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.

$329,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$2,0003$2,0504$2,0755$2,100
$2,100
RENT COMPS ANALYSIS
  • 12055 Cobblestone Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.05
    •  
  • 11004 Stream Bend Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1999
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 5313 Mosscreek Lane Frisco, TX 3
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1994
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.03
    •  
  • 11010 Tree Shadow Lane Frisco, TX 4
    • 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,931 Sqft ∙ Built 1999
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $1.07
    •  
  • 11305 Sunrise Lane Frisco, TX 5
    • 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,983 Sqft ∙ Built 1995
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489914
Last Updated: 12/23/2020
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