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12613 Prince Edward Lane Frisco, TX 75033

5 Beds 4 Baths 3,633 sqft Built 2006

INVESTimate

$450,000

List Price

$2,850

$2,600 - $3,100

Rent Est.

$458,055  ( +1.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $123.86
  • 8 Days on Market
  • MLS # : 14416019
  • Updated Date : 08/24/2020 at 10:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,633 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty

Listing Agent's Description

From the gorgeous front door, to the hardwood floors to the beautiful kitchen this home has it all and is ready for you. With 5 bedrooms and 4 full baths there is room for everyone. Nice high ceilings, stone fireplace, and a great room up that would be an awesome media room or kids space. Large master has two big closets and master bath has hydrotub, his and her vanities, separate showing and much more. Oh and don't forget OVERSIZED garage.

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: Estates at Cobb Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Estates at Cobb Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
I. S. Rogers Elementary School Primary Regular 565 34 7
Benton A. Staley Middle School Middle Regular 715 60 7
Memorial High School High Regular NA

I. S. Rogers Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
7
GreatSchools Rating

Benton A. Staley Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 60
7
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

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

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-$5.0k$0.0$5.0k$10k$15k$20k

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 $2,850
EXPENSES Loan Payment -$1,660
Property Tax -$892
Property Insurance -$237
HOA -$45
Property Management Fees -$99
CASH FLOW
-$84

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.

$450,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,785

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
  • $0.78

    LIST RENT PER SQFT
  • $2,816

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,8504$2,8505$2,899
$2,899
RENT COMPS ANALYSIS
  • 12613 Prince Edward Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.78
    •  
  • 12457 Jules Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2013
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.74
    •  
  • 4514 The Landings Court Frisco, TX 2
    • 4 beds 4 baths ∙ 3,630 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,630 Sqft ∙ Built 2006
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.79
    •  
  • 5895 Danville Frisco, TX 3
    • 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2006
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.80
    •  
  • 12072 Sunny Street Frisco, TX 5
    • 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2009
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,899
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jacque Swanner
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416019
Last Updated: 08/24/2020
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