Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12271 Curry Creek Drive Frisco, TX 75035

4 Beds 4 Baths 3,296 sqft Built 2017

$524,999

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $159.28
  • 3 Days on Market
  • MLS # : 14479223
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,296 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Gorgeous Highland build in desirable Prairie View community and walking distance to Prosper schools. Stunning wood floors greet you at the foyer and flow throughout this brilliant open floor plan. Study with french doors and dining are great features. Chefs will delight in the incredible white and bright kitchen with wall to wall cabinets. Cozy up to the fireplace in well appointed living area that overlooks back yard with extended covered patio. Primary bed is down and features a spa like bath with dual vanities and walk in closet. Head upstairs for the game room, three additional beds, 2 full baths and media. Walking distance to community pool, parks, trails and covered amenity center with outdoor fireplace.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$472,499$577,499$524,999

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,937
Property Tax -$1,041
Property Insurance -$218
HOA -$65
Property Management Fees -$99
CASH FLOW
-$659

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.

$524,999

PROJECTED PRICE

$2,700

PROJECTED RENT

0.51%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,749
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,727

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,7004$2,9005$2,995
$2,995
RENT COMPS ANALYSIS
  • 12271 Curry Creek Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.82
    •  
  • 11475 Beeville Drive Frisco, TX 1
    • 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,276 Sqft ∙ Built 2006
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 2004 Indigo Drive Mckinney, TX 2
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2015
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 2020 Indigo Drive Mckinney, TX 4
    • 4 beds 4 baths ∙ 3,432 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,432 Sqft ∙ Built 2015
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.84
    •  
  • 13660 Diamond Grove Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,336 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,336 Sqft ∙ Built 2016
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tonya Cain
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479223
Last Updated: 12/04/2020
BESbswy