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13937 Tahoe Lane Frisco, TX 75035

5 Beds 4 Baths 3,731 sqft Built 2010

$479,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $128.38
  • 4 Days on Market
  • MLS # : 14404881
  • Updated Date : 11/05/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,731 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

North Facing Orientated home capturing the beautiful sunlight in Villages at Willow Bay South. This 5 bedroom, 4 bath home features beautiful hardwood floors throughout including the staircase w~handsome iron spindles. Study w~French doors completes your homeschooling & home office needs. Upstairs game room & media room. Three more bedrooms and Jack & Jill bath. Bedrooms are split in a unique twist. Wonderful open concept kitchen lots of cabinets, gas cooktop, large island. Inviting living room w~gas fireplace. Retreat to the master en-suite massive spa-like shower. Enjoy the backyard privacy w~8 foot board on board steel post fence. 2 inch blinds throughout, ring doorbell, nest thermostat, water softener.

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

Neighborhood: Copper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Copper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Liscano Elementary School Primary Regular NA
Independence High School High Unknown 1,161 102 9
Nelson Elementary School Primary Regular NA

Liscano Elementary School

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

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating

Nelson Elementary School

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

$431,100$526,900$479,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,767
Property Tax -$949
Property Insurance -$243
HOA -$33
Property Management Fees -$99
CASH FLOW
-$252

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.

$479,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,817

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8404$2,8955$3,150
$3,150
RENT COMPS ANALYSIS
  • 13937 Tahoe Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,731 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,731 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.76
    •  
  • 13836 Hot Springs Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2009
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.74
    •  
  • 13455 Bois D Arc Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,846 Sqft ∙ Built 2007
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.72
    •  
  • 13865 Pomegranate Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,840 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,840 Sqft ∙ Built 2013
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.75
    •  
  • 13711 Clusterberry Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,898 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,898 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.81
    •  
PROPERTY LISTING DETAILS
Tonya Peek
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14404881
Last Updated: 11/05/2020
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