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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $122.63
- 2 Days on Market
- MLS # : 14528236
- Updated Date : 03/20/2021 at 16:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,854 sqft
- Baths : 3 full
Listing Agent
Jp & Associates Frisco
Listing Agent's Description
Well layed out NORTH facing 5 bedroom home in FISD. Kitchen, bath updates done in last year. Outdoor living space including built in grill with expansive covered patio recently added. Features a secondary bed and full bath downstairs. All other beds and game room upstairs. Three living areas total.
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: Frisco Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Frisco Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$734 | |
| Property Insurance | -$192 | |
| HOA | -$36 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$116
|
||
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.
$349,999
PROJECTED PRICE
$2,160
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,499 |
2.5
YEARS SAVED
$7,279
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,212
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $2,160
- $0.76
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14901 Riverside Drive Little Elm, TX 1
- 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,947 Sqft ∙ Built 2010
LEASED 05/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.71
-
14508 Little Anne Drive Little Elm, TX 3
- 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2005
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.75
-
15012 Spruce Street Little Elm, TX 4
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2012
LEASED 01/26/21- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
14208 Blueberry Hill Drive Little Elm, TX 5
- 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,400
- $0.88
PROPERTY LISTING DETAILS
Jp & Associates Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14528236
Last Updated: 03/20/2021
