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13959 Stevens Point Drive Frisco, TX 75033

3 Beds 2 Baths 1,867 sqft Built 2006

$330,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $176.75
  • 4 Days on Market
  • MLS # : 14530654
  • Updated Date : 03/12/2021 at 10:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

MODERN one-story ranch in the highly desirable Frisco ISD! Updated light fixtures and Ring doorbell welcome you into the entryway. Floorplan offers split bedroom design, new paint, wood floors, and fixtures throughout. The kitchen features updates including newly updated cabinetry with modern hardware, countertops & backsplash, gas cooktop, new SS appliances, and SMART tech microwave! The dining area features a window seat and overlooks spacious LA with stunning floor-to-ceiling dry stack stone FP and wood floors. The large master includes bay windows with a view of the spacious backyard with a beautiful pergola including string lights and custom curtains. HOA includes park, playground, pool, and fountains.

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 749 42 NA
Sue Wilson Stafford Middle School Middle Regular 1,146 78 10
Lone Star High School High Regular 1,365 105 NA

Billy Gene Phillips Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 42
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: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,146
Property Tax -$581
Property Insurance -$135
HOA -$50
Property Management Fees -$99
CASH FLOW
-$61

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.

$330,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9804$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 13959 Stevens Point Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 13751 Mill Town Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 13679 Mill Town Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2005
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.06
    •  
  • 2294 Sturgis Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 13563 Mill Town Drive Frisco, TX 5
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2006
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kim Davis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14530654
Last Updated: 03/12/2021
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