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13383 Bois D Arc Lane Frisco, TX 75035

4 Beds 4 Baths 4,543 sqft Built 2008

$539,900

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $118.84
  • 2 Days on Market
  • MLS # : 14509540
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,543 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

NORTH facing Meritage home with the double master. Handscraped hardwood floors in formals, family, and Office. Granite countertops with SS Appliances.Island and Breakfast bar, Gas Cooktop. Study with french doors, HUGE dual masters,one up and one down. large WIC. Large game room with reclaimed wood floor and pre-wired media room upstairs, Jack and Jill bath. 3 car tandem rear entry garage. Backs to greenbelt, within walking distance to the pool. New roof in 2018. Walk to schools.

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: Villages at Willow Bay

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k477k

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

Neighborhood: Villages at Willow Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262768

* 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
Liscano Elementary School Primary Regular NA
Libby Cash Maus Middle School Middle Unknown NA
Heritage High School High Regular 1,844 125 9

Liscano Elementary School

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

Libby Cash Maus Middle School

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

Heritage High School

  • Education Level: High
  • # of students: 1,844
  • # of teachers: 125
9
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,875
Property Tax -$1,070
Property Insurance -$290
HOA -$34
Property Management Fees -$99
CASH FLOW
-$338

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.

$539,900

PROJECTED PRICE

$3,030

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.3%
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-$10k-$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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $3,305

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9993$3,0304$3,2505$3,900
$3,900
RENT COMPS ANALYSIS
  • 13383 Bois D Arc Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 4,543 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,543 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $0.67
    •  
  • 14925 Holly Tree Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 4,296 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,296 Sqft ∙ Built 2009
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.68
    •  
  • 13638 Lincolnshire Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 4,264 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,264 Sqft ∙ Built 2006
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.70
    •  
  • 12946 Snow Lake Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 4,567 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,567 Sqft ∙ Built 2010
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.71
    •  
  • 11643 Seaside Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 4,752 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,752 Sqft ∙ Built 2007
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Xuan Song
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509540
Last Updated: 01/29/2021
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