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12246 Ducks Landing Frisco, TX 75033

3 Beds 2 Baths 2,186 sqft Built 2004

$329,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $150.50
  • 3 Days on Market
  • MLS # : 14521261
  • Updated Date : 02/27/2021 at 14:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,186 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Multiple offers highest best until Sunday, Feb28 6 pm. FABULOUS 3 Bed, 2 full bath home with spacious office in the highly sought after Grayhawk neighborhood! Desirable corner lot! Beautiful elevation & landscaping says Welcome Home! Large formal dining room with bar greet you as you enter. Soaring ceilings. Lots of cheerful windows keep this home light and bright! Spacious living room with cozy fireplace. Beautifully crafted crown molding. Gourmet kitchen w HUGE walk-in pantry. Large private master suite includes a spa like master bath. Lovely covered back patio perfect for gatherings and entertaining. Perfect opportunity for Frisco ISD. conveniently located close to shopping, dining, DNT.#realtytown3

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: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Grayhawk

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
Mary M. Boals Elementary School Primary Regular 704 42 8
Trent Middle School Middle Unknown NA
Lone Star High School High Regular 1,365 105 NA

Mary M. Boals Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 42
8
GreatSchools Rating

Trent Middle School

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

Lone Star High School

  • Education Level: High
  • # of students: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,143
Property Tax -$579
Property Insurance -$154
HOA -$50
Property Management Fees -$99
CASH FLOW
-$34

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.

$329,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,115

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$1,9953$1,9954$1,9995$2,300
$2,300
RENT COMPS ANALYSIS
  • 12246 Ducks Landing Frisco, TX 1
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.91
    •  
  • 12206 Grayhawk Boulevard Frisco, TX 2
    • 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,073 Sqft ∙ Built 2004
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 12298 Red Hawk Drive Frisco, TX 3
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 12235 Red Hawk Drive Frisco, TX 4
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2002
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.93
    •  
  • 12214 Ducks Landing Frisco, TX 5
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2004
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Elyse Guthrie
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521261
Last Updated: 02/27/2021
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