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

12318 Ridgetop Circle Frisco, TX 75035

3 Beds 2 Baths 2,097 sqft Built 2002

$315,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $150.21
  • 4 Days on Market
  • MLS # : 14489199
  • Updated Date : 01/02/2021 at 19:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,097 sqft
  • Baths : 2 full
Listing Agent

Rw Properties

Listing Agent's Description

**Multiple Offer Deadline 6pm on January 3rd**Clean and Crisp! Fantastic 1 Story located within walking distance to highly ranked schools. Fresh Paint and Updated Flooring. At the front you have a Study or 4th Bed Option. Oversized Master Bedroom with Walk in Closet, Dual Sinks and Garden Tub. Wide Open Kitchen to Living Room Plan. Kitchen with Island, Lots of Cabinets, Updated Stainless Steel LG Appliances featuring a Gas Range with Double Oven option. Big Formal Dining Room. Large Living Room with lots of windows, Wood burning fireplace and recessed TV space. Great Size backyard with Open Patio!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Shepherds Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Shepherds Hill

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
Bessie Gunstream Elementary School Primary Regular 698 42 8
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Bessie Gunstream Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
8
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,162
Property Tax -$624
Property Insurance -$148
HOA -$14
Property Management Fees -$99
CASH FLOW
-$128

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.

$315,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9203$1,9954$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 12318 Ridgetop Circle Frisco, TX 2
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.92
    •  
  • 8117 Ship Street Frisco, TX 1
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1995
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 12303 Ridgetop Circle Frisco, TX 3
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 2002
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 12261 Peak Circle Frisco, TX 4
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2002
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.00
    •  
  • 12398 Ridgetop Circle Frisco, TX 5
    • 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,097 Sqft ∙ Built 2003
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ryan Ward
Rw Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489199
Last Updated: 01/02/2021
BESbswy