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13184 Boaz Drive Frisco, TX 75035

5 Beds 4 Baths 3,261 sqft Built 2015

$430,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $131.86
  • 3 Days on Market
  • MLS # : 14486578
  • Updated Date : 01/01/2021 at 20:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,261 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

CALL IMMEDIATELY-72 HOUR HOME SALE!! Beautiful 5 bedroom 3.5 bath home located in the highly desirable neighborhood of Belmont Woods. Eye-catching curb appeal with its stone and brick façade and lush landscape. This immaculate two-story feels extremely inviting with tall ceilings, an open floor plan, and a huge game area upstairs. There is plenty of room for your family to spread out. Home boasts wood floors, Granite kitchen countertops, and other stylish features. Near the new PGA headquarters. Schedule your tour today!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Creekside at Preston

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Creekside at Preston

NeighborhoodNIR 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
Polly Tadlock Elementary School Primary Regular 703 41 8
Libby Cash Maus Middle School Middle Regular 891 60 NA
Memorial High School High Regular NA

Polly Tadlock Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 41
8
GreatSchools Rating

Libby Cash Maus Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 60
NA
GreatSchools Rating

Memorial High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,587
Property Tax -$888
Property Insurance -$216
HOA -$8
Property Management Fees -$99
CASH FLOW
-$177

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.

$430,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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-$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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,747

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$2,6503$2,7004$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 13184 Boaz Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,261 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.80
    •  
  • 10609 Wilton Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 12983 Cowper Drive Frisco, TX 3
    • 5 beds 3 baths ∙ 3,445 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,445 Sqft ∙ Built 2004
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 10695 Villanova Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.89
    •  
  • 10316 Villanova Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 2016
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tyler Romney
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486578
Last Updated: 01/01/2021
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