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14821 Kelmscot Drive Frisco, TX 75035

5 Beds 4 Baths 4,031 sqft Built 2004

$490,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $121.56
  • 4 Days on Market
  • MLS # : 14482187
  • Updated Date : 12/11/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,031 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This North - Facing house is perfect for a large family. Floor plan has both Formal Living and Dining Rooms and a Study. As you enter the spacious Kitchen (double ovens, MW, pull-out shelves and island) and eat-in breakfast area where you overlook a vaulted FM RM and Fireplace. The MBR Suite is down. Up there are secondary BRs with walk-in closets, a full bath as well as a Jack and Jill bath. Plus, dual staircases, GM RM and a 3 car garage. New Bd-on-Bd Wood Fence with steel pipes, built in 2017. Walking distance to all 3 Frisco schools. Community Pool, playground and walking park. Seller is offering a 12 month Home Warranty. Also, a new roof was installed in 2014.

SEE MORE

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
 

$441,000$539,000$490,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$1,808
Property Tax -$971
Property Insurance -$260
HOA -$83
Property Management Fees -$99
CASH FLOW
-$252

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.

$490,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.3%
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$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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $3,114

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$2,9703$3,0004$3,0005$3,490
$3,490
RENT COMPS ANALYSIS
  • 14821 Kelmscot Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,031 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,031 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.74
    •  
  • 15174 Woodbluff Drive Frisco, TX 1
    • 6 beds 4 baths ∙ 4,170 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,170 Sqft ∙ Built 2003
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.69
    •  
  • 6073 Kerry Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,852 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,852 Sqft ∙ Built 2013
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.78
    •  
  • 6744 Branch Trail Frisco, TX 4
    • 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2001
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.73
    •  
  • 6146 Claridge Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 2019 5 beds 5 baths ∙ 3,900 Sqft ∙ Built 2019
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $0.89
    •  
PROPERTY LISTING DETAILS
Carol Bermond
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482187
Last Updated: 12/11/2020
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