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14709 Holly Leaf Drive Frisco, TX 75035

4 Beds 4 Baths 3,049 sqft Built 2003

$460,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $150.87
  • 3 Days on Market
  • MLS # : 14495500
  • Updated Date : 01/08/2021 at 14:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,049 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

This stunning home in sought-after Hunters Creek offers a beautifully remodeled kitchen & master bath, a gorgeous covered patio area and versatile floorplan! Upgrades-features are..custom-designed kitchen with upgraded granite tops, cabinets & pulls, light fixtures, 6-burner gas cooktop, walk-in pantry with barn door, stainless appliances, beverage station & more*the ultimate spa bath with soaking tub, frameless shower, marble tops, fixtures, custom-designed closet & more*flagstone covered patio area with built-in grill, stone fireplace, BOB fence, arbor & TV niche*split guest bedroom with full bath*private study & spacious gameroom*****Multiple Offer Deadline 1-11 2PM-see Attachment for details***#realtytown3

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Hunters Creek

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
Bert And Eloise Isbell Elementary School Primary Regular 687 38 10
Billy Vandeventer Middle School Middle Unknown 1,034 69 NA
Liberty High School High Regular 2,039 137 9

Bert And Eloise Isbell Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 38
10
GreatSchools Rating

Billy Vandeventer Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 69
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,598
Property Tax -$912
Property Insurance -$203
HOA -$60
Property Management Fees -$99
CASH FLOW
-$402

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.

$460,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

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

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,645

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,470
1$2,4702$2,4953$2,4954$2,6505$2,940
$2,940
RENT COMPS ANALYSIS
  • 14709 Holly Leaf Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,049 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,049 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.81
    •  
  • 14574 Daneway Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,899 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.86
    •  
  • 7064 Calm Meadow Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,025 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,025 Sqft ∙ Built 2003
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
  • 14818 Alstone Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.87
    •  
  • 6365 Shadywood Drive Frisco, TX 5
    • 3 beds 3 baths ∙ 3,192 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,192 Sqft ∙ Built 2002
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jeff Jacobs
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495500
Last Updated: 01/08/2021
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