Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13300 Packard Drive Frisco, TX 75033

4 Beds 2 Baths 2,135 sqft Built 2004

INVESTimate

$315,000

List Price

$2,010

$1,809 - $2,211

Rent Est.

$333,648  ( +5.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $147.54
  • 6 Days on Market
  • MLS # : 14416183
  • Updated Date : 08/25/2020 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

Excellent condition, 1 story, 4 bedroom in the desirable Greyhawk subdivision. Wonderful back yard with a large deck and storage shed. Master includes a tub, separate shower, dual sinks and a walk in closet. The washer & dryer are included. New roof 7-20. New hot water heater 8-20. New partial fence 7-20. Vivint security system. Overhead storage racks in garage. Newer stainless steel appliances.

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: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Grayhawk

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
Mary M. Boals Elementary School Primary Regular 704 42 8
Trent Middle School Middle Regular NA
Lone Star High School High Regular 1,365 105 NA

Mary M. Boals Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 42
8
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,162
Property Tax -$554
Property Insurance -$151
HOA -$100
Property Management Fees -$99
CASH FLOW
-$56

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.

$315,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.92%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,9954$2,0105$2,195
$2,195
RENT COMPS ANALYSIS
  • 13300 Packard Drive Frisco, TX 4
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.94
    •  
  • 13262 Packard Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2004
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 13357 Roadster Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.93
    •  
  • 2609 Hannah Circle Frisco, TX 3
    • 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 2010
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 13283 Mannheim Drive Frisco, TX 5
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 2005
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jaime Wester
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416183
Last Updated: 08/25/2020
BESbswy