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13761 Stallion Heights Lane Frisco, TX 75035

5 Beds 5 Baths 3,621 sqft Built 2018

$547,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $151.06
  • 3 Days on Market
  • MLS # : 14535014
  • Updated Date : 03/27/2021 at 10:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,621 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

Hurry! before it's gone! Come and see this gorgeous 5 bedroom, 4.5 bath American Legend open floor plan. As you enter, an immense expanse of hardwood floors greets you as well as a Den with French doors on your left. The kitchen overlooks a huge den with soaring ceilings and and a wood burning gas fireplace. The Owner Suite and Guest Bedroom are on the 1st floor. Couple this with a gorgeous kitchen featuring stainless steel appliances, 2 dining areas, a second floor Media and Game Room and you have a great living and entertaining venue. The backyard features a large covered patio and a huge yard that is ready for your pool and outdoor living space.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

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
 

$492,300$601,700$547,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,900
Property Tax -$1,084
Property Insurance -$236
HOA -$65
Property Management Fees -$99
CASH FLOW
-$615

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.

$547,000

PROJECTED PRICE

$2,770

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$5.0k

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$150,705

INVESTMENT

$150,705

Down Payment
$136,750
Rehab Estimate
$5,750
Closing Costs
$8,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,750
Loan Amount $410,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$260

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6753$2,7004$2,7705$2,795
$2,795
RENT COMPS ANALYSIS
  • 13761 Stallion Heights Lane Frisco, TX 4
    • 5 beds 5 baths ∙ 3,621 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,621 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.76
    •  
  • 11458 Jasper Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.72
    •  
  • 11647 Jasper Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2010
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.76
    •  
  • 2004 Indigo Drive Mckinney, TX 3
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2015
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 11532 Gatesville Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,793 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,793 Sqft ∙ Built 2006
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
PROPERTY LISTING DETAILS
Cindy Kennedy
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535014
Last Updated: 03/27/2021
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