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13182 Whirlaway Drive Frisco, TX 75035

4 Beds 4 Baths 3,307 sqft Built 2020

$634,900

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $191.99
  • 3 Days on Market
  • MLS # : 14508801
  • Updated Date : 01/29/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,307 sqft
  • Baths : 3 full , 1 half
Listing Agent

Starpro Realty Inc.

Listing Agent's Description

Gorgeous 4 Bedroom,3.5 Baths, Study, Game Room + Media Room in highly sought after gated community of Lexington and Frisco ISD. Master & guest bedrooms with private baths on first floor. Gorgeous Chef’s Kitchen include oversized island, Granite counters, custom back splash, stainless steel appliances and Huge pantry open to Generous Family Room with Soaring Ceiling and Cozy Fireplace! Master bedroom with Bay window, double vanities and huge walkin Shower. Upstairs is a Large Game room+Media room, two secondary bedrooms. Upgrades throughout include wood like tile floors in Entry, Family, Kitchen and Dining, 2 panel Mahogany front door, study with french doors. Covered Patio for Outdoor living

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

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
Nelson Elementary School Primary Regular NA
Nelson Middle School Middle Unknown NA
Independence High School High Unknown 1,161 102 9

Nelson Elementary School

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

Nelson Middle School

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

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$571,410$698,390$634,900

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,205
Property Tax -$1,258
Property Insurance -$218
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,061

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$634,900

PROJECTED PRICE

$2,820

PROJECTED RENT

0.44%

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) 3.00%
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$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,249

INVESTMENT

$170,249

Down Payment
$158,725
Rehab Estimate
$2,000
Closing Costs
$9,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,725
Loan Amount $476,175
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$13

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,836

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8003$2,8204$2,9505$3,200
$3,200
RENT COMPS ANALYSIS
  • 13182 Whirlaway Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,307 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,307 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.85
    •  
  • 13931 Pomegranate Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2014
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 14326 Strawflowers Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,231 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,231 Sqft ∙ Built 2017
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
  • 13448 Stanmere Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,551 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,551 Sqft ∙ Built 2008
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.83
    •  
  • 14786 Crystal Beach Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ram Konara
Starpro Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508801
Last Updated: 01/29/2021
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