Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Turnbridge Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,600
LOAN DETAILS
$1,808
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $122,500 |
| Loan Amount | $367,500 |
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
-
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
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482187
Last Updated: 12/11/2020
