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1436 Brent Knoll Drive Frisco, TX 75033

4 Beds 4 Baths 2,514 sqft Built 2021

$527,513

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $209.83
  • 4 Days on Market
  • MLS # : 14470525
  • Updated Date : 11/13/2020 at 08:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,514 sqft
  • Baths : 3 full , 1 half
Listing Agent

Alexander Properties

Listing Agent's Description

MLS#14470525~ February completion! This handsome home is refreshingly livable, with excellent entertaining spaces as well as comfortable rooms for personal moments. The open common area is made for entertaining! Standing in the foyer you look through the dining area to the gathering room with the open kitchen to one side. Put out appetizers on the kitchen island for guests to enjoy. Or set the table for dinner in the conveniently close dining area. The master bath features dual sink vanities, a large shower, soaking tub and a private commode. The home also includes 3 secondary bedrooms. Turn the flex room into a study office or use the space to set up a personal gym or den. REPRESENTATIVE PHOTOS ADDED!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75033

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k443k

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

Zip Code: 75033

ZipNIR 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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Newman Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
NA
GreatSchools Rating

Trent Middle School

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

Memorial High School

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

$474,762$580,264$527,513

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,946
Property Tax -$928
Property Insurance -$172
HOA -$73
Property Management Fees -$99
CASH FLOW
-$909

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.

$527,513

PROJECTED PRICE

$2,310

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,791

INVESTMENT

$141,791

Down Payment
$131,878
Rehab Estimate
$2,000
Closing Costs
$7,913

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,946

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,878
Loan Amount $395,635
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$1

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,045
1$2,0452$2,2953$2,2954$2,3105$2,600
$2,600
RENT COMPS ANALYSIS
  • 1436 Brent Knoll Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.92
    •  
  • 14705 Eaglemont Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2003
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.84
    •  
  • 14204 Signal Hill Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2013
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 4581 Crossvine Drive Prosper, TX 3
    • 3 beds 4 baths ∙ 2,595 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,595 Sqft ∙ Built 2014
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.88
    •  
  • 16400 Buttonwood Road Frisco, TX 5
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2018
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Bobbie Alexander
Alexander Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470525
Last Updated: 11/13/2020
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