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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75035
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,749 |
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
-
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
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479223
Last Updated: 12/04/2020
