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12223 Latigo Drive Frisco, TX 75035

4 Beds 2 Baths 2,170 sqft Built 2003

$330,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $152.07
  • 2 Days on Market
  • MLS # : 14472269
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Priced to sell, open floor plan on oversized lot with big backyard. Conveniently located close to shopping, restaurants, and top rated Frisco schools. Home is within walking distance to community pool and neighborhood park featuring basketball court, soccer goals, baseball diamond, playground and walking, jogging, bike path. Recently updated with paint, luxury vinyl planks, hot water heater, and Trane HVAC system. Roof replaced in April 2019. This is a must see property!

SEE MORE

MARKET HIGHLIGHTS

  • 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 Heights

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Frisco Heights

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
Gerald Sonntag Elementary School Primary Regular 688 43 NA
Heritage High School High Regular 1,844 125 9
Nelson Elementary School Primary Regular NA

Gerald Sonntag Elementary School

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 43
NA
GreatSchools Rating

Heritage High School

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

Nelson Elementary School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,218
Property Tax -$654
Property Insurance -$153
HOA -$67
Property Management Fees -$99
CASH FLOW
-$290

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.

$330,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$6.0k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$1,9504$1,9505$2,095
$2,095
RENT COMPS ANALYSIS
  • 12223 Latigo Drive Frisco, TX 2
    • 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 15144 Salano Creek Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2008
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.87
    •  
  • 12205 Colorado Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 15246 Palo Pinto Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2004
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 15190 Salano Creek Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,326 Sqft ∙ Built 2006
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.90
    •  
PROPERTY LISTING DETAILS
Sheri Tadlock
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472269
Last Updated: 11/21/2020
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