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12125 Bethel Drive Frisco, TX 75033

4 Beds 4 Baths 3,059 sqft Built 2007

$499,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $163.13
  • 3 Days on Market
  • MLS # : 14518699
  • Updated Date : 02/26/2021 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,059 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp And Associates Willow Park

Listing Agent's Description

IMMACULATE Highland Home in the coveted Frisco ISD! This stunning home offers hand scraped hardwood floors, plantation shutters, iron spindles, a completely upgraded WOW kitchen that is so gorgeous you have to see to believe! Formal dining room can be used as a 2nd living or study, first floor has a spacious master suite, an upgraded powder bath and an open family room. Upstairs offers 3 bedrooms, 2 bathrooms, game room and a media room with a 120” screen and a built-in bar. Relax in the oversized backyard paradise that includes a covered pergola, HEATED custom pool, fire pit area, extra play yard, electric gate and 3 CAR GARAGE. Buyer to verify all MLS information

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: Village at Cobb Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k446k

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

Neighborhood: Village at Cobb Hill

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
I. S. Rogers Elementary School Primary Regular 565 34 7
Benton A. Staley Middle School Middle Regular 715 60 7
Memorial High School High Unknown NA

I. S. Rogers Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
7
GreatSchools Rating

Benton A. Staley Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 60
7
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$449,100$548,900$499,000

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 -$1,733
Property Tax -$989
Property Insurance -$204
HOA -$45
Property Management Fees -$99
CASH FLOW
-$421

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.

$499,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,685

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
  • $0.87

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6503$2,6954$2,7505$2,850
$2,850
RENT COMPS ANALYSIS
  • 12125 Bethel Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,059 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,059 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.87
    •  
  • 5934 Lofland Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,064 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,064 Sqft ∙ Built 2008
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.86
    •  
  • 12253 Bethel Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,267 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,267 Sqft ∙ Built 2006
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.82
    •  
  • 2172 Poppyvine Road Frisco, TX 4
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.93
    •  
  • 12059 Bryant Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.86
    •  
PROPERTY LISTING DETAILS
Christa Allen
Jp And Associates Willow Park
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518699
Last Updated: 02/26/2021
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