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12923 Yale Court Frisco, TX 75035

3 Beds 3 Baths 1,882 sqft Built 2019

$515,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $273.65
  • 3 Days on Market
  • MLS # : 14536071
  • Updated Date : 03/19/2021 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,882 sqft
  • Baths : 3 full
Listing Agent

Jones-papadopoulos & Co

Listing Agent's Description

Highly desirable north facing single story home in Edgewood feeding into top ranked Frisco ISD. This ones a winner with all the custom upgrades the seller put into this gently lived in Normandy home. Updates galore with open spaces & natural lighting throughout. The kitchen dazzles with stainless steel appliances, island with seating and wood trim, quartz countertops, gas range, tons of stained cabinets & updated backsplash. Ensuite master features dual vanities with granite & huge walk-in shower with double showerheads. Relax on the open patio with zero backyard maintenance & custom AstroTurf. Community offers amenity center, pool, trail & play ground. Convenient to all the Frisco has to offer.

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

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
Mcspedden Elementary School Primary Regular 516 30 NA
Lawler Middle School Middle Unknown NA
Centennial High School High Regular 2,065 138 9

Mcspedden Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 30
NA
GreatSchools Rating

Lawler Middle School

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

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,789
Property Tax -$1,021
Property Insurance -$136
HOA -$63
Property Management Fees -$99
CASH FLOW
-$1,177

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.

$515,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$42

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8755$1,930
$1,930
RENT COMPS ANALYSIS
  • 12923 Yale Court Frisco, TX 5
    • 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.03
    •  
  • 12506 Shepherds Hill Lane Frisco, TX 1
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2004
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 12309 Peak Circle Frisco, TX 2
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 12262 Peak Circle Frisco, TX 3
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
  • 12405 Peak Circle Frisco, TX 4
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 2002
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.05
    •  
PROPERTY LISTING DETAILS
John Papadopoulos
Jones-papadopoulos & Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536071
Last Updated: 03/19/2021
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