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12759 Blue Ridge Drive Frisco, TX 75033

4 Beds 3 Baths 3,196 sqft Built 2006

$400,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $125.16
  • 3 Days on Market
  • MLS # : 14480719
  • Updated Date : 12/12/2020 at 15:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,196 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

MULTIPLE OFFERS. DEADLINE IS 12-14-20 9:00AM 4 bedroom turnkey comes with all the bells & whistles! Open concept plan features warm wood floors, fresh paint, & a gourmet island kitchen with crisp white cabinets, granite countertops, stainless steel appliances, and a new glass tile backsplash. Great floor plan with spacious primary retreat, formal dining, study-formal living, & 2 bedrooms downstairs. Upstairs features a bedroom, bathroom, & a bonus room off the huge game room perfect for a gym, media, or awesome arcade-gaming room! Highlights include soaring ceilings & a custom screened porch. Adjacent to park, jogging path & walking distance to community pool & Frisco ISD elementary!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Northridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Northridge

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
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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,476
Property Tax -$704
Property Insurance -$212
HOA -$58
Property Management Fees -$99
CASH FLOW
-$79

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.

$400,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$5.0k$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,469

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4503$2,4704$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 12759 Blue Ridge Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,196 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.77
    •  
  • 2229 Goliad Circle Frisco, TX 1
    • 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 2001
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 12601 Ducks Landing Frisco, TX 2
    • 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
    •  
  • 12753 Swan Lake Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,348 Sqft ∙ Built 2005
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
  • 2318 Kittyhawk Drive Frisco, TX 5
    • 3 beds 3 baths ∙ 3,123 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,123 Sqft ∙ Built 2006
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Monica Mccormick
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480719
Last Updated: 12/12/2020
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