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13150 Courtney Drive Frisco, TX 75033

4 Beds 4 Baths 3,610 sqft Built 2013

INVESTimate

$445,000

List Price

$2,670

$2,420 - $2,920

Rent Est.

$473,658  ( +6.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $123.27
  • 6 Days on Market
  • MLS # : 14415699
  • Updated Date : 08/23/2020 at 07:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,610 sqft
  • Baths : 4 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Wow! Stunning 4 bdrm & 4 full bath home located in the coveted Christie Ranch neighborhood in West Frisco! Close proximity to exemplary Frisco ISD schools. This home has an open floorplan with soaring ceilings and floor to ceiling windows that creates beautiful natural light throughout the home. Gourmet eat-in kitchen with granite countertops, gas cooktop and built-in oven and microwave. There’s enough space for everyone with 2 separate living & dining areas, study, media room and game room! The oversized 1st floor owners retreat has plenty of room with sitting area and bay windows! Close to schools, parks, shopping, entertainment and all that Frisco has to offer! Come see for yourself!

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: Christie Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k532k

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

Neighborhood: Christie Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263153

* 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
Lone Star High School High Regular 1,365 105 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

Lone Star High School

  • Education Level: High
  • # of students: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,642
Property Tax -$783
Property Insurance -$236
HOA -$58
Property Management Fees -$99
CASH FLOW
-$148

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.

$445,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$13,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,717

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,6704$2,8005$2,975
$2,975
RENT COMPS ANALYSIS
  • 13150 Courtney Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,610 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,610 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.74
    •  
  • 2171 Mackinac Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 2392 Chenault Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,676 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,676 Sqft ∙ Built 2006
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 2971 Izabella Court Frisco, TX 4
    • 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 2014
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 2282 Kittyhawk Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2012
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.80
    •  
PROPERTY LISTING DETAILS
Lamaya Baker
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415699
Last Updated: 08/23/2020
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