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1472 Sandstone Drive Frisco, TX 75034

5 Beds 4 Baths 4,641 sqft Built 2004

$650,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.06
  • 2 Days on Market
  • MLS # : 14485650
  • Updated Date : 01/09/2021 at 13:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,641 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful Shaddock Built home in Lakeside at Lone Star Ranch! 5 SUPER SPACIOUS bedrooms, 4 Baths, 4 Living Areas, 2 Dining Areas, TWO HOME OFFICES(One upstairs & One Down), 3 Car Garage with storage closets. Spacious master suite with large master bath includes double vanity, Huge jacuzzi tub and walk in shower with rain shower & walk-In with built-ins. Living room features grand fireplace and built in entertainment center. First story guest bedroom with full bath+ Study allow plenty of space for work and family. Grand kitchen with gas range and double stainless ovens centered around large Work island with bar seating and butlers serving area. Upstairs you will find 2 spacious bedrooms with jack and Jill baths.

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: Lakeside at Lone Star Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k558k

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

Neighborhood: Lakeside at Lone Star Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263621

* 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
Hosp Elementary School Primary Regular 459 28 NA
Pearson Middle School Middle Regular NA
Rick Reedy High School High Regular NA

Hosp Elementary School

  • Education Level: Primary
  • # of students: 459
  • # of teachers: 28
NA
GreatSchools Rating

Pearson Middle School

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

Rick Reedy High School

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

$585,000$715,000$650,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$2,258
Property Tax -$1,144
Property Insurance -$295
HOA -$95
Property Management Fees -$99
CASH FLOW
-$181

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.

$650,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,666

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,6003$3,7004$3,7105$3,950
$3,950
RENT COMPS ANALYSIS
  • 1472 Sandstone Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $0.80
    •  
  • 5535 Summer Star Lane Frisco, TX 1
    • 4 beds 4 baths ∙ 4,823 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,823 Sqft ∙ Built 2002
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.66
    •  
  • 1659 Sandstone Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 5475 Brookhill Lane Frisco, TX 3
    • 4 beds 5 baths ∙ 4,305 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,305 Sqft ∙ Built 2004
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.86
    •  
  • 2054 Hidalgo Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 4,568 Sqft ∙ Built 2015 4 beds 4 baths ∙ 4,568 Sqft ∙ Built 2015
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.86
    •  
PROPERTY LISTING DETAILS
Tim Grubbs
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485650
Last Updated: 01/09/2021
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