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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $141.32
- 2 Days on Market
- MLS # : 14505104
- Updated Date : 01/23/2021 at 19:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,476 sqft
- Baths : 2 full , 1 half
Listing Agent
Huggins Realty
Listing Agent's Description
***MULTIPLE OFFERS RECEIVED! SUBMIT HIGHEST AND BEST BY 10AM 1.25.2021*** Gorgeous home on an oversized lot in award winning Frisco ISD! Beautifully maintained open floor plan with laminate wood floors throughout the first floor living areas. Entry opens to sweeping views of the 2nd floor catwalk and game room with tons of open metal railing overlooking the kitchen & living. Kitchen features granite counters, lush dark wood cabinets, breakfast bar & SS appliances. Large master with laminate wood floors, walk-in closet & en suite bath with dual sinks, shower and separate garden tub. 2nd floor has three bedrooms and a game room great for entertaining. The huge backyard and patio are perfect for outdoor living.
SEE MORE
- 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: Frisco Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Frisco Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$733 | |
| Property Insurance | -$170 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$110
|
||
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.
$349,900
PROJECTED PRICE
$2,150
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
2.67
YEARS SAVED
$7,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,173
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1209 Red Drive Little Elm, TX 3
- 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,150
- $0.87
-
14801 Frisco Ranch Drive Little Elm, TX 1
- 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,998
- $0.85
-
1401 Red Drive Little Elm, TX 2
- 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2012
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,050
- $0.80
-
14800 Southview Trail Little Elm, TX 4
- 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2012
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,250
- $0.92
-
1437 Red Drive Little Elm, TX 5
- 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2012
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
PROPERTY LISTING DETAILS
Huggins Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505104
Last Updated: 01/23/2021
