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14818 Alstone Drive Frisco, TX 75035

4 Beds 3 Baths 3,044 sqft Built 2003

INVESTimate

$387,900

List Price

$2,500

$2,250 - $2,750

Rent Est.

$404,580  ( +4.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $127.43
  • 2 Days on Market
  • MLS # : 14420466
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,044 sqft
  • Baths : 3 full
Listing Agent

Kanam Realty Group

Listing Agent's Description

FANTASTIC OPPORTUNITY TO OWN IN TURN BRIDGE MANOR FRISCO. EASY ACCESS TO 121 AND INDEPENDENCE. THIS HOME SITS ON A SUPERB CORNER LOT AND OFFERS GREAT CURB APPEAL. WALK INTO GRAND FOYER WITH HIGH CEILINGS, SPLIT FORMALS ON EITHER SIDE OF ENTRY. THE FAMILY ROOM FEATURES A CORNER FIREPLACE AND IS OVERLOOKED BY SPACIOUS KITCHEN BOASTING GENEROUS SIZED ISLAND AND BREAKFAST NOOK. DOWNSTAIRS GUEST SUITE WITH ENSUITE BATH IS PERFECTLY SITUATED. UPSTAIRS HAS THE PRIMARY SUITE, A HUGE GAME ROOM AND 3 BEDROOMS. ALSO FEATURED ARE SEVERAL HALL CLOSETS FOR ADDITIONAL STORAGE. RECENT UPDATES INCLUDE INTERIOR PAINT, LIKE NEW WOOD LOOK FLOORING DOWNSTAIRS & CARPET UPSTAIRS. NEW WATER HEATER IN 2019. BUYER TO OBTAIN NEW SURVEY.

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MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Turnbridge Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Turnbridge Manor

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
 

$349,110$426,690$387,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,431
Property Tax -$774
Property Insurance -$203
HOA -$42
Property Management Fees -$99
CASH FLOW
-$49

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.

$387,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.30%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,544

INVESTMENT

$108,544

Down Payment
$96,975
Rehab Estimate
$5,750
Closing Costs
$5,819

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,431

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,975
Loan Amount $290,925
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,248

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,694

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5004$2,7505$2,940
$2,940
RENT COMPS ANALYSIS
  • 14818 Alstone Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 14574 Daneway Drive Frisco, TX 1
    • 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
    •  
  • 6341 Aldridge Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2002
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.82
    •  
  • 5608 Broadgreen Road Frisco, TX 4
    • 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,926 Sqft ∙ Built 2015
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.94
    •  
  • 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
Rachael Patel
Kanam Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420466
Last Updated: 08/25/2020
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