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1410 Polo Heights Drive Frisco, TX 75033

5 Beds 4 Baths 4,000 sqft Built 2007

$500,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $125.00
  • 4 Days on Market
  • MLS # : 14511545
  • Updated Date : 02/05/2021 at 08:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,000 sqft
  • Baths : 3 full , 1 half
Listing Agent

Robert Elliott And Associates

Listing Agent's Description

Beautiful 5 bedrooms home is move in ready. Entering the home, you will love the open floor plan. House boasts brand-new carpet. Backyard boasts pergola, custom deck complete with lighting & ceiling fans. Large family room with wall of windows features wood floors. Great study with closet. Open kitchen with granite counters, Stainless appliances, & a sizeable breakfast area. Master bedroom with sitting area & pvt bath with granite counters. Upstairs boasts game room and media room. Good size secondary bedrooms. Great size backyard to enjoy the outdoors. Tandem garage. New roof (2020). Community with amenities including pool, park and ponds. Conveniently located close to schools, entertainment and recreation.

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,737
Property Tax -$880
Property Insurance -$258
HOA -$50
Property Management Fees -$99
CASH FLOW
-$484

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.

$500,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.51%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$900

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,770

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,6953$2,6954$2,7955$2,995
$2,995
RENT COMPS ANALYSIS
  • 1410 Polo Heights Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,000 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.64
    •  
  • 13703 Stevens Point Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 4,026 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,026 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.67
    •  
  • 2556 Valley Glen Drive Little Elm, TX 3
    • 5 beds 5 baths ∙ 3,995 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,995 Sqft ∙ Built 2014
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.67
    •  
  • 13233 Bugatti Drive Frisco, TX 4
    • 6 beds 4 baths ∙ 4,072 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,072 Sqft ∙ Built 2003
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.69
    •  
  • 3409 Bluewater Drive Little Elm, TX 5
    • 5 beds 4 baths ∙ 4,028 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,028 Sqft ∙ Built 2014
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jeff Cheney
Robert Elliott And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511545
Last Updated: 02/05/2021
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