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13036 Five Bar Drive Frisco, TX 75035

4 Beds 4 Baths 3,439 sqft Built 2015

$549,999

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $159.93
  • 4 Days on Market
  • MLS # : 14481730
  • Updated Date : 12/11/2020 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,439 sqft
  • Baths : 4 full
Listing Agent

Sunshine Realtors Llc

Listing Agent's Description

Stunning Richwoods 4 bed 4 bath 2 story home. Granite kitchen counter tops with SS appliances specially double oven, Large island w sink and lots of storage. Wood floors, floor to ceiling stone fireplace, recessed lighting, high ceilings, surround sound, media room, and spacious game room on the second floor, winter wardrobe, water softener system installed in the garage. Covered patio in back. Gated Community exquisite and highly desired. Conveniently located minutes from Stonebriar mall, shopping & Sam Rayburn 121 Tollway. ***Multiple offers received. Please submit your best offer by Sunday 4 pm at varmazrus@gmail.com***

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: Richwoods

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k620k

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

Neighborhood: Richwoods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263602

* 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
Talley Elementary School Primary Regular NA
Lawlor Middle School Middle Regular NA
Centennial High School High Regular 2,065 138 9

Talley Elementary School

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

Lawlor 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
 

$494,999$604,999$549,999

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,029
Property Tax -$1,090
Property Insurance -$226
HOA -$100
Property Management Fees -$99
CASH FLOW
-$414

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.

$549,999

PROJECTED PRICE

$3,130

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.4%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,499
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,9003$2,9904$3,0005$3,130
$3,130
RENT COMPS ANALYSIS
  • 13036 Five Bar Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,439 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,439 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $0.91
    •  
  • 5710 Roanoke Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,429 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,429 Sqft ∙ Built 1996
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.76
    •  
  • 12005 Auburn Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,425 Sqft ∙ Built 1996
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.85
    •  
  • 5721 Alpenrose Avenue Frisco, TX 3
    • 4 beds 4 baths ∙ 3,376 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,376 Sqft ∙ Built 2016
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.89
    •  
  • 7577 Bellingrath Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2015
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sanjay Varma
Sunshine Realtors Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481730
Last Updated: 12/11/2020
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