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14675 Oriental Drive Frisco, TX 75035

3 Beds 4 Baths 2,668 sqft Built 2016

$425,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $159.30
  • 3 Days on Market
  • MLS # : 14481440
  • Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,668 sqft
  • Baths : 2 full , 2 half
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Gorgeous 1.5 Story home with a very private yard in Frisco with Prosper Schools. High ceilings and the open floorplan make this home bright and inviting. The large kitchen has beautiful granite counters, stainless steel appliances, and a gas cooktop with a commercial grade vent hood. The Kitchen opens to the breakfast nook and living area making it perfect for entertaining. The spacious Owner's Suite boasts a large walk in closet, separate vanities, a soaking tub and a large shower. The secondary bedrooms are on the main floor along with a study. Upstairs you will find a large gameroom and a half bath. Refrigerator and Counter Microwave will remain. This home is a Must See!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Crown Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Crown Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,568
Property Tax -$842
Property Insurance -$181
HOA -$50
Property Management Fees -$99
CASH FLOW
-$231

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.

$425,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,720

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,548

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5003$2,5104$2,7825$2,795
$2,795
RENT COMPS ANALYSIS
  • 14675 Oriental Drive Frisco, TX 3
    • 3 beds 4 baths ∙ 2,668 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,668 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.94
    •  
  • 13898 Alden Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 2010
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 9632 Crown Meadow Drive Frisco, TX 2
    • 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2013
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 9860 Arctic Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,862 Sqft ∙ Built 2016
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,782
    • $0.97
    •  
  • 9836 Lance Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2011
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kellee Booth
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481440
Last Updated: 12/04/2020
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