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13713 Monstrell Road Frisco, TX 75035

4 Beds 4 Baths 4,023 sqft Built 2013

$550,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $136.71
  • 3 Days on Market
  • MLS # : 14378858
  • Updated Date : 11/06/2020 at 20:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,023 sqft
  • Baths : 3 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

GORGEOUS K Hovnanian home in sought-after Prosper ISD features hardwood floors, 5.5-inch baseboards, rounded corners, media room, Gameroom, study, formal dining, and gas stub at the patio! The gourmet kitchen is a chef's dream with loads of cabinets and features a large island that opens to the family room and breakfast nook ideal for family gatherings and entertaining. The family room is light and bright with soaring ceilings, a wall of windows, and a floor-to-ceiling stone fireplace. Convenient to Frisco and Prosper Shopping, Dining & Entertainment! Enjoy the resort-style amenity center with pool, ponds, parks, and biking trails! This is a MUST-SEE! Video Tour Available, Contact Agent!

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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,029
Property Tax -$1,090
Property Insurance -$260
HOA -$83
Property Management Fees -$99
CASH FLOW
-$761

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.

$550,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.51%

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) 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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$58

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,826

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,6993$2,8004$2,8005$2,800
$2,800
RENT COMPS ANALYSIS
  • 13713 Monstrell Road Frisco, TX 5
    • 4 beds 4 baths ∙ 4,023 Sqft ∙ Built 2013 4 beds 4 baths ∙ 4,023 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.70
    •  
  • 10842 Providence Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2007
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.70
    •  
  • 10510 Toffenham Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,823 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,823 Sqft ∙ Built 2010
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.71
    •  
  • 13971 Matthew Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,944 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,944 Sqft ∙ Built 2011
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.71
    •  
  • 14527 Carlos Street Frisco, TX 4
    • 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,049 Sqft ∙ Built 2016
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.69
    •  
PROPERTY LISTING DETAILS
George Popescu
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14378858
Last Updated: 11/06/2020
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