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13502 Vineyard Lane Frisco, TX 75035

5 Beds 4 Baths 4,089 sqft Built 2020

INVESTimate

$680,990

List Price

$3,760

$3,510 - $4,010

Rent Est.

$720,964  ( +5.87%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $166.54
  • 10 Days on Market
  • MLS # : 14415264
  • Updated Date : 08/18/2020 at 07:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,089 sqft
  • Baths : 4 full
Listing Agent

Meritage Homes Realty

Listing Agent's Description

Brand NEW energy-efficient home ready Dec-Jan 2021! Sip your morning coffee from the Monroe’s covered back patio. Inside, flex space on the main level is complemented by a handy pocket office and a bright, open concept. Head upstairs for fun in the spacious game room. Edgewood is near shopping and employment centers making it easy to get to work or fun. Amenities include trails, community center, pool, playgroud, park, and greenbelt. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

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
Mcspedden Elementary School Primary Regular 516 30 NA
Lawlor Middle School Middle Regular NA
Centennial High School High Regular 2,065 138 9

Mcspedden Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 30
NA
GreatSchools Rating

Lawlor Middle School

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

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$612,891$749,089$680,990

PURCHASE PRICE

$3,384$4,136$3,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,760
EXPENSES Loan Payment -$2,513
Property Tax -$1,158
Property Insurance -$263
HOA -$63
Property Management Fees -$99
CASH FLOW
-$336

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.

$680,990

PROJECTED PRICE

$3,760

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.87%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$182,462

INVESTMENT

$182,462

Down Payment
$170,248
Rehab Estimate
$2,000
Closing Costs
$10,215

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,248
Loan Amount $510,743
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$14,628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,760

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,803

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7503$3,7604$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 13502 Vineyard Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 4,089 Sqft ∙ Built 2020 5 beds 4 baths ∙ 4,089 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,760
    • $0.92
    •  
  • 12938 Ignatius Drive Frisco, TX 1
    • 5 beds 5 baths ∙ 3,932 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,932 Sqft ∙ Built 2017
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.89
    •  
  • 13741 Whistler Drive Frisco, TX 2
    • 5 beds 5 baths ∙ 4,285 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,285 Sqft ∙ Built 2015
    property image
    LEASED 04/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.88
    •  
  • 7280 Anastasia Lane Frisco, TX 4
    • 5 beds 6 baths ∙ 4,318 Sqft ∙ Built 2017 5 beds 6 baths ∙ 4,318 Sqft ∙ Built 2017
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.93
    •  
  • 13134 Mardi Gras Lane Frisco, TX 5
    • 6 beds 4 baths ∙ 4,126 Sqft ∙ Built 2014 6 beds 4 baths ∙ 4,126 Sqft ∙ Built 2014
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Patrick Mcgrath
Meritage Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415264
Last Updated: 08/18/2020
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