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13065 Terlingua Creek Drive Frisco, TX 75033

4 Beds 4 Baths 3,081 sqft Built 2014

$749,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $243.10
  • 6 Days on Market
  • MLS # : 14433609
  • Updated Date : 12/08/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,081 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Home for the holidays! Rare ONE STORY Darling 4 bedroom with 3.1 bathrooms in highly coveted Newman Village. Tall ceilings and solid hardwood floors throughout. Private study with french doors, media room to watch all the holiday movies or could be converted into a formal dining. Secondary bedroom at the front with en suite bathroom perfect for guests. Wide open kitchen with large island, granite countertops and stainless steel appliances. Cozy fireplace for those cold nights. Large living room with gorgeous wood beams and vaulted ceilings. Spacious master suite with spa-like master bathroom, large closet that leads into the laundry room. Nice sized backyard is ready for a pool or perfect for the kids to run.

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: Newman Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $123k839k

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

Neighborhood: Newman Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264684

* 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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Newman Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
NA
GreatSchools Rating

Trent Middle School

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

Memorial High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$2,763
Property Tax -$1,318
Property Insurance -$205
HOA -$171
Property Management Fees -$99
CASH FLOW
-$1,157

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.

$749,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.7%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$88

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,719

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,8504$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 13065 Terlingua Creek Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,081 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,081 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.10
    •  
  • 2805 Mcgregor Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2010
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 2172 Poppyvine Road Frisco, TX 2
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2019
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.93
    •  
  • 12059 Bryant Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2010
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.86
    •  
  • 3042 Appalachian Lane Frisco, TX 4
    • 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013 4 beds 6 baths ∙ 3,323 Sqft ∙ Built 2013
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Denton Aguam
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14433609
Last Updated: 12/08/2020
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