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14622 Huffman Lane Frisco, TX 75035

5 Beds 6 Baths 3,897 sqft Built 2015

$648,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $166.28
  • 2 Days on Market
  • MLS # : 14527884
  • Updated Date : 03/06/2021 at 21:01
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,897 sqft
  • Baths : 5 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

STUNNING FRISCO home w DESIGNER UPGRADES & BEAUTIFUL BACKYARD OASIS. Well maintained 5 bed plus Study, 5.5 bath home boasts soaring ceilings, crwn molding & gorgeous hardwoods. Dreamy kitchen w ss appliances, gorgeous granite, double oven, gas cooktop, lg island & pantry. Lg family room features stone fireplace & windows overlooking backyard. 2 bedrms down, 2 living areas, 2 dine rms, Game Rm, Media Rm with Media Equipment. Primary suite is downstairs w spa-like bathroom & exceptional closet. Oversized backyard oasis includes covered patio with incredible Saltwater POOL & hot tub surrounded by beautiful Travertine deck plus large grassy area. Media room, game room, study & long, spacious garage complete home.

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: Villages of Stonelake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k609k

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

Neighborhood: Villages of Stonelake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263706

* 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
Nelson Elementary School Primary Regular NA
Nelson Middle School Middle Unknown NA
Independence High School High Unknown 1,161 102 9

Nelson Elementary School

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

Nelson Middle School

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

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$583,200$712,800$648,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,251
Property Tax -$1,284
Property Insurance -$252
HOA -$53
Property Management Fees -$99
CASH FLOW
-$559

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.

$648,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,470

INVESTMENT

$177,470

Down Payment
$162,000
Rehab Estimate
$5,750
Closing Costs
$9,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,000
Loan Amount $486,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,332

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3003$3,3804$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 14622 Huffman Lane Frisco, TX 3
    • 5 beds 6 baths ∙ 3,897 Sqft ∙ Built 2015 5 beds 6 baths ∙ 3,897 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $0.87
    •  
  • 14952 Maroon Bells Lane Frisco, TX 1
    • 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,733 Sqft ∙ Built 2014
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.80
    •  
  • 11480 Covey Point Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.86
    •  
  • 13097 Bold Forbes Street Frisco, TX 4
    • 5 beds 4 baths ∙ 4,078 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,078 Sqft ∙ Built 2017
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
  • 10522 Millie Lane Frisco, TX 5
    • 5 beds 6 baths ∙ 3,874 Sqft ∙ Built 2014 5 beds 6 baths ∙ 3,874 Sqft ∙ Built 2014
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Robert Deleon
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527884
Last Updated: 03/06/2021
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