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1434 Gray Fox Lane Frisco, TX 75033

5 Beds 4 Baths 3,218 sqft Built 2021

$514,281

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $159.81
  • 4 Days on Market
  • MLS # : 14499725
  • Updated Date : 01/14/2021 at 08:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,218 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14499725 - Built by Antares Homes - April completion! ~ From the covered front porch, the foyer welcomes you to the formal dining room and a bedroom. Connected by a butler's pantry and a large walk-in pantry is the open-concept kitchen with stainless steel appliances and a large central island. It opens to the breakfast nook and access to the covered patio. The family room showcases a wall of windows and a stunning natural stone to ceiling corner direct vent fireplace. The master bath includes a dual sink vanity, a separate walk-in shower with a seat, a large garden tub, and a huge walk-in closet. Upstairs is three bedrooms, a full bathroom, powder room, and a pre-wired media room.

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: 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
 

$462,853$565,709$514,281

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,786
Property Tax -$875
Property Insurance -$213
HOA -$80
Property Management Fees -$99
CASH FLOW
-$553

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$514,281

PROJECTED PRICE

$2,500

PROJECTED RENT

0.49%

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) 3.00%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$138,284

INVESTMENT

$138,284

Down Payment
$128,570
Rehab Estimate
$2,000
Closing Costs
$7,714

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,786

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,570
Loan Amount $385,711
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,454

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1434 Gray Fox Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2021 5 beds 4 baths ∙ 3,218 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
  • 1897 Polo Heights Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,228 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,228 Sqft ∙ Built 2005
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.73
    •  
  • 14036 Mill Town Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 2007
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 13697 Fall Harvest Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2006
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 14268 Rising Star Boulevard Frisco, TX 4
    • 4 beds 4 baths ∙ 3,190 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,190 Sqft ∙ Built 2007
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499725
Last Updated: 01/14/2021
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