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14208 Eastwick Court Frisco, TX 75035

5 Beds 5 Baths 4,171 sqft Built 2013

$665,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $159.43
  • 3 Days on Market
  • MLS # : 14487738
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,171 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

PRIME OPPORTUNITY in the highly sought after neighborhood of Richwoods!Perfect, family friendly layout includes downstairs guest suite & bath, large living room with 2-story ceiling, oversized kitchen island, open concept layout, ample natural sunlight, large & private backyard plus a green space beside the property. Located on a CORNER LOT across the street from the clubhouse, pool & gym. Convenient access to Hwy 121 & in & out of neighborhood. Loads of upgrades including tankless water heaters, wood flooring, game room wet bar, French doors to office, 5th bed & private bath, laundry sink, stone on exterior, access to patio from master suite & so much more!! Inventory is LOW!! This will not be available long!!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Richwoods

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k620k

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

Neighborhood: Richwoods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263602

* 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
Talley Elementary School Primary Regular NA
Lawlor Middle School Middle Regular NA
Centennial High School High Regular 2,065 138 9

Talley Elementary School

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

Lawlor Middle School

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

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$598,500$731,500$665,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,454
Property Tax -$1,318
Property Insurance -$268
HOA -$200
Property Management Fees -$99
CASH FLOW
-$929

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.

$665,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.4%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$49

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,420

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,4003$3,4104$3,7505$4,000
$4,000
RENT COMPS ANALYSIS
  • 14208 Eastwick Court Frisco, TX 3
    • 5 beds 5 baths ∙ 4,171 Sqft ∙ Built 2013 5 beds 5 baths ∙ 4,171 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $0.82
    •  
  • 14617 Turnbridge Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,262 Sqft ∙ Built 2004
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.66
    •  
  • 7405 Longmont Court Frisco, TX 2
    • 5 beds 6 baths ∙ 4,329 Sqft ∙ Built 2015 5 beds 6 baths ∙ 4,329 Sqft ∙ Built 2015
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.79
    •  
  • 13223 Ignatius Drive Frisco, TX 4
    • 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,300 Sqft ∙ Built 2014
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.87
    •  
  • 14226 Russell Road Frisco, TX 5
    • 5 beds 5 baths ∙ 4,171 Sqft ∙ Built 2012 5 beds 5 baths ∙ 4,171 Sqft ∙ Built 2012
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Kimberly Moon
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487738
Last Updated: 12/18/2020
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