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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $150.37
- 2 Days on Market
- MLS # : 14470013
- Updated Date : 02/20/2021 at 18:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,824 sqft
- Baths : 3 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
Majestic Highland Home on corner lot with gorgeous backyard oasis awaits new owner! This beautiful home has over $80,000 in updates including energy efficient radiant barriers (both horizontal & vertical) in attics, solar screens and power roof vent, roof, new windows, Train HVAC Units, and Train Air Filtration System. Backyard features oversized area with ozone pool, flagstone patio decking, beautiful eight-foot fence, gardening areas, electric gate, and a third car garage that can double as workshop or gym. Interior features lovely, upgraded hardwood floors, privacy back stairs leading to the game room, and a reinforced utility-safety room. Meticulously maintained, very much loved, and truly a great home!
SEE MORE
- 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: Country Club Ridge at the Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Club Ridge at the Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,070 |
| EXPENSES | Loan Payment | -$1,997 |
| Property Tax | -$1,012 | |
| Property Insurance | -$248 | |
| HOA | -$44 | |
| 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.
$575,000
PROJECTED PRICE
$3,070
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$158,125
LOAN DETAILS
$1,997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
1.67
YEARS SAVED
$6,497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,070
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,174
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
1399 Dodgeton Drive Frisco, TX 4
- 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $3,070
- $0.80
-
2333 Chenault Drive Frisco, TX 1
- 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2006
LEASED 12/30/20- Rent
- Rent Per SQFT
- $2,945
- $0.80
-
12731 Daimler Drive Frisco, TX 2
- 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2002
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,975
- $0.80
-
13011 Rhinelander Drive Frisco, TX 3
- 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2006
LEASED 07/25/20- Rent
- Rent Per SQFT
- $3,000
- $0.81
-
2901 Horseshoe Trail Frisco, TX 5
- 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001
LEASED 10/07/20- Rent
- Rent Per SQFT
- $3,600
- $0.91
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470013
Last Updated: 02/20/2021
