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13840 Fall Harvest Drive Frisco, TX 75033

4 Beds 2 Baths 2,222 sqft Built 2006

$410,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $184.52
  • 2 Days on Market
  • MLS # : 14536636
  • Updated Date : 03/20/2021 at 15:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,222 sqft
  • Baths : 2 full
Listing Agent

United Real Estate

Listing Agent's Description

Immaculate home in the desirable Grayhawk subdivision. 4BR-2BA-2LA. Large Eat-in kitchen with granite counters, freshly painted cabinets, SS appliances, Gas Cooktop & new Built-in Microwave. Master bath boasts double sinks, sep.shower, garden tub and a larger walk-in closet. New roof installed Oct 2019. House boasts new luxury vinyl throughout the house.Front yard prof. landscaped. Spacious backyard with large slate patio, perfect for entertaining. 8ft cedar privacy fence installed in 2011.Neighborhood amenities include pool, park, bike &walking trails.

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

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
Billy Gene Phillips Elementary School Primary Unknown NA
Sue Wilson Stafford Middle School Middle Regular 1,146 78 10
Lone Star High School High Unknown NA

Billy Gene Phillips Elementary School

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

Sue Wilson Stafford Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 78
10
GreatSchools Rating

Lone Star High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,424
Property Tax -$722
Property Insurance -$156
HOA -$50
Property Management Fees -$99
CASH FLOW
-$330

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.

$410,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$2,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1204$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 13840 Fall Harvest Drive Frisco, TX 3
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.95
    •  
  • 13437 Bavarian Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,078 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.99
    •  
  • 13906 Fall Harvest Drive Frisco, TX 2
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 13477 Bugatti Frisco, TX 4
    • 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,235 Sqft ∙ Built 2005
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
  • 13994 Fall Harvest Drive Frisco, TX 5
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2006
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Aarati Niraula
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536636
Last Updated: 03/20/2021
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