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12483 Shepherds Hill Lane Frisco, TX 75035

4 Beds 3 Baths 2,518 sqft Built 2004

$373,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $148.13
  • 2 Days on Market
  • MLS # : 14514445
  • Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,518 sqft
  • Baths : 2 full , 1 half
Listing Agent

Eastar, Realtors

Listing Agent's Description

Superbly updated, well located home a short walk from the top-rated FISD schools. A front porch entrance and a glass in front door—barn door entrance and custom shelving feature. The kitchen boasts remodeled cabinetry, over-sized high bar island, granite counters, backsplash, under-mount sink, stainless apps, side by side stainless refrigerator, and striking laminate floor. Oversized tiles flooring in entry, study, high traffic areas, and family room. The spacious updated master bath with granite counters, tile floor, garden tub, and separate shower. Updates second bath has shower tile, floor tile, and granite counters. The large backyard has a brilliant cedar pergola shed(10'x12'). Brand new AC and new roof!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$335,700$410,300$373,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,296
Property Tax -$739
Property Insurance -$173
HOA -$14
Property Management Fees -$99
CASH FLOW
-$260

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.

$373,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,595

INVESTMENT

$104,595

Down Payment
$93,250
Rehab Estimate
$5,750
Closing Costs
$5,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,250
Loan Amount $279,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,210

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0603$2,1004$2,3005$2,320
$2,320
RENT COMPS ANALYSIS
  • 12483 Shepherds Hill Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.82
    •  
  • 12475 Cajun Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2001
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 12215 Peak Circle Frisco, TX 3
    • 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 2002
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 7561 Ravenhill Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2003
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 12260 Cajun Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2003
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jiayan Ge
Eastar, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514445
Last Updated: 02/06/2021
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