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12184 Nandina Lane Frisco, TX 75035

5 Beds 5 Baths 3,921 sqft Built 2012

$545,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $139.00
  • 1 Days on Market
  • MLS # : 14463364
  • Updated Date : 11/02/2020 at 12:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,921 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Come see this STUNNING 5 bedroom, 4.5 bath home with an oversized yard! Hand-scraped hardwood floors throughout the downstairs, complete with a curved staircase leading upstairs. The Custom kitchen with an oversized granite island is perfect for a gathering of any size! Like watching the big screen? Come relax in the media room complete with a wet bar! Enjoy the comfort of this beauty, nestled in prestigious Stonelake Estates & the luxury of easy access to highways, shopping & more! Your dreams await!

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: Stonelake Estates West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k476k

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

Neighborhood: Stonelake Estates West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262721

* 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
Lucille Rogers Ashley Elementary School Primary Regular 848 46 9
Sam And Ann Roach Middle School Middle Regular 963 68 10
Heritage High School High Regular 1,844 125 9

Lucille Rogers Ashley Elementary School

  • Education Level: Primary
  • # of students: 848
  • # of teachers: 46
9
GreatSchools Rating

Sam And Ann Roach Middle School

  • Education Level: Middle
  • # of students: 963
  • # of teachers: 68
10
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,011
Property Tax -$1,080
Property Insurance -$254
HOA -$21
Property Management Fees -$99
CASH FLOW
-$645

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.

$545,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.9%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,813

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,8204$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 12184 Nandina Lane Frisco, TX 3
    • 5 beds 5 baths ∙ 3,921 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,921 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.72
    •  
  • 15195 Shellwood Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 3,824 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,824 Sqft ∙ Built 2004
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.68
    •  
  • 13455 Bois D Arc Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.72
    •  
  • 15854 Ryan Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.72
    •  
  • 15201 N Bull Run Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,891 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,891 Sqft ∙ Built 2007
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.75
    •  
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 #: 14463364
Last Updated: 11/02/2020
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