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12556 Littlefield Drive Frisco, TX 75035

6 Beds 4 Baths 4,326 sqft Built 2005

$382,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $88.30
  • 5 Days on Market
  • MLS # : 14473720
  • Updated Date : 11/27/2020 at 09:53
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,326 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Grand foyer upon entering with lots of natural light abounds in this beautiful home. Spacious family room with handsome wood floors & stacked stone fireplace opens to the kitchen & breakfast areas. Stylish granite counters & trendy backsplash with stainless steel appliances along with an abundance of cabinet space for all your storage needs. Primary retreat offers vaulted ceiling, garden tub, dual sinks, sitting area & huge walk in closet. Expansive game room upstairs, great for entertaining friends & family! Spacious secondary bedrooms with walk in closets. Fantastic backyard offers plenty of space for cookouts & room for kids or pooch to play. This home has it all from location, to schools, & lots of space.

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: Panther Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Panther Creek Estates

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
Isabel Pierce Sem Elementary School Primary Regular 624 39 9
Libby Cash Maus Middle School Middle Regular 891 60 NA
Heritage High School High Regular 1,844 125 9

Isabel Pierce Sem Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
9
GreatSchools Rating

Libby Cash Maus Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 60
NA
GreatSchools Rating

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$343,800$420,200$382,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,409
Property Tax -$831
Property Insurance -$277
HOA -$38
Property Management Fees -$99
CASH FLOW
$195

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.

$382,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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$0.0$5.0k$10k$15k

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$106,980

INVESTMENT

$106,980

Down Payment
$95,500
Rehab Estimate
$5,750
Closing Costs
$5,730

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,409

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,500
Loan Amount $286,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$37,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $3,017

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9503$2,9504$2,9995$3,000
$3,000
RENT COMPS ANALYSIS
  • 12556 Littlefield Drive Frisco, TX 1
    • 6 beds 4 baths ∙ 4,326 Sqft ∙ Built 2005 6 beds 4 baths ∙ 4,326 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.66
    •  
  • 10579 Shire View Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.68
    •  
  • 12326 Bridgeport Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 4,158 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,158 Sqft ∙ Built 2016
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.71
    •  
  • 13638 Lincolnshire Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 4,264 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,264 Sqft ∙ Built 2006
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.70
    •  
  • 14297 Penrose Avenue Frisco, TX 5
    • 6 beds 4 baths ∙ 4,277 Sqft ∙ Built 2018 6 beds 4 baths ∙ 4,277 Sqft ∙ Built 2018
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.70
    •  
PROPERTY LISTING DETAILS
Maryjane Mathew
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473720
Last Updated: 11/27/2020
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