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PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Richwoods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,499 |
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
-
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
Sunshine Realtors Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481730
Last Updated: 12/11/2020
