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13916 Fernando Road Frisco, TX 75035

5 Beds 5 Baths 4,601 sqft Built 2018

INVESTimate

$679,000

List Price

$3,140

$2,890 - $3,390

Rent Est.

$718,857  ( +5.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $147.58
  • 3 Days on Market
  • MLS # : 14419435
  • Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,601 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Boasting with style & design. This stunning 5 bedroom, 4.1 bath home offers owners' & guest suite located on main level. The modern transitional kitchen w white cabinets, granite, 5-burner gas cooktop, dbl convection ovens, coffee bar, ss appliances & expansive eat-in island; Open familyRm features decorative fireplace, built-in cabinet, high ceiling & wall of windows! Spacious owners' suite w room for sitting area, a wall of windows, exterior patio door; a luxurious bath w sep shower, soaking tub, dbl vanities, & dual walk-in closets! Sep study w glass doors; 3 generous sized secondary bedrooms, plus spacious game & sep media rooms upstairs! Expansive covered outdoor living area & sizeable yard!

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
 

$611,100$746,900$679,000

PURCHASE PRICE

$2,826$3,454$3,140

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-$25k-$20k-$15k-$10k-$5.0k$0.0

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 $3,140
EXPENSES Loan Payment -$2,505
Property Tax -$1,346
Property Insurance -$293
HOA -$83
Property Management Fees -$99
CASH FLOW
-$1,186

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.

$679,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.46%

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) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,685

INVESTMENT

$185,685

Down Payment
$169,750
Rehab Estimate
$5,750
Closing Costs
$10,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,750
Loan Amount $509,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$14

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $3,175

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9753$3,0004$3,1405$3,200
$3,200
RENT COMPS ANALYSIS
  • 13916 Fernando Road Frisco, TX 4
    • 5 beds 5 baths ∙ 4,601 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,601 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $0.68
    •  
  • 10579 Shire View Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.68
    •  
  • 12694 Loxley Drive Frisco, TX 2
    • 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.66
    •  
  • 10617 Bartlett Drive Frisco, TX 3
    • 4 beds 5 baths ∙ 4,251 Sqft ∙ Built 2018 4 beds 5 baths ∙ 4,251 Sqft ∙ Built 2018
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.71
    •  
  • 10919 Haversham Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 4,521 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,521 Sqft ∙ Built 2009
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.71
    •  
PROPERTY LISTING DETAILS
Tonya Walker
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419435
Last Updated: 08/25/2020
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