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12505 Cardinal Creek Drive Frisco, TX 75033

4 Beds 3 Baths 3,157 sqft Built 2005

INVESTimate

$385,000

List Price

$2,210

$1,989 - $2,431

Rent Est.

$407,792  ( +5.92%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $121.95
  • 10 Days on Market
  • MLS # : 14415028
  • Updated Date : 08/18/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,157 sqft
  • Baths : 2 full , 1 half
Listing Agent

Palace, Realtors

Listing Agent's Description

Beautiful 4 bedrooms home located in excellent Frisco ISD! Light & bright! Wood floor in Family room, dining room and den. Large family room with cozy fireplace to enjoy. The study can be a guest room. The kitchen opens to family room which is perfect for entertaining with breakfast bar & granite countertops. Nice sized split bedrooms. Large master bedroom with fire place. Special game room can be a media room or bedroom. Huge backyard with automatic sliding gate. Three car garages. Experience community pools, play areas, parks, ponds, walking trails & more. Easy access to Tollway, restaurants, shopping, & sports venues. Minutes to elementary and middle schools.

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: 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 Regular 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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,420
Property Tax -$678
Property Insurance -$210
HOA -$50
Property Management Fees -$99
CASH FLOW
-$247

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.

$385,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.92%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,2104$2,2755$2,450
$2,450
RENT COMPS ANALYSIS
  • 12505 Cardinal Creek Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,157 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.70
    •  
  • 12562 Red Hawk Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2006
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.71
    •  
  • 1051 Swan Lake Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,146 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,146 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 1046 Red Hawk Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2002
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.72
    •  
  • 12601 Ducks Landing Frisco, TX 5
    • 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ting Feng
Palace, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415028
Last Updated: 08/18/2020
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