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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $160.55
- 2 Days on Market
- MLS # : 14509733
- Updated Date : 01/30/2021 at 19:33
CONSTRUCTION
- Beds : 4
- Floor Size : 3,295 sqft
- Baths : 3 full
Listing Agent
Ultima Real Estate
Listing Agent's Description
BRAND NEW IN FRISCO HILLS SOUTH FACING. FRISCO SCHOOLS!! Beautiful Old World design with stone accents. Custom 8' front door leads to 2 story foyer and circular staircase. Engineered Hardwood ENTRY, STUDY, F. DINING, FAMILY! Study w French Doors, Impressive 2 story F. Dining, Guest BR down, nice Kitchen with custom cabinetry and granite tops. Large 2 story Family, Great Master down with 14' ceiling and HUGE closet. 2 BRs, Game, Media up. WHIRLPOOL SS Appliances featuring 36 Inch 5 BURNER Gas cooktop, DOUBLE WI-FI OVENS! Full Stainless front dishwasher with hidden controls. Built-in SS Micro above ovens. Upgraded Frieze carpeting, Upgraded Brushed Nickel fixtures! Large Covered Patio. READY END MARCH. MUST SEE!
SEE MORE
- . 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
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,837 |
| Property Tax | -$1,109 | |
| Property Insurance | -$218 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$790
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$529,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$142,185
LOAN DETAILS
$1,837
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,250 |
| Loan Amount | $396,750 |
0
YEARS SAVED
$9
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,512
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1224 Horsetail Drive Little Elm, TX 3
- 4 beds 3 baths ∙ 3,295 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,295 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,510
- $0.76
-
829 Mist Flower Drive Little Elm, TX 1
- 4 beds 3 baths ∙ 3,400 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,400 Sqft ∙ Built 2014
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,495
- $0.73
-
2596 Largo Lane Little Elm, TX 2
- 4 beds 3 baths ∙ 3,384 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,384 Sqft ∙ Built 2011
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.74
-
704 Yarrow Street Little Elm, TX 4
- 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,550
- $0.78
-
14217 Sugar Hill Drive Little Elm, TX 5
- 4 beds 4 baths ∙ 3,244 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,244 Sqft ∙ Built 2015
LEASED 02/05/20- Rent
- Rent Per SQFT
- $2,595
- $0.80
PROPERTY LISTING DETAILS
Ultima Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509733
Last Updated: 01/30/2021
