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1501 Stillhouse Hollow Drive Prosper, TX 75078

5 Beds 5 Baths 4,465 sqft Built 2007

$685,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $153.42
  • 4 Days on Market
  • MLS # : 14470272
  • Updated Date : 11/12/2020 at 20:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,465 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams No. Collin Cty

Listing Agent's Description

Stunning 5 bed, 4.1 bath home featuring the perfect outdoor oasis for entertaining & relaxing! Grand entry with wood floors and crown molding. Formal dining and office just off the entry. High celings in the family room with built-ins and a beautiful stone fireplace as the focal point. The Chef in the family will love this kitchen- gas cooktop, granite island with prep-sink, a spot perfect for your coffee bar, butlers pantry, gorgeous cabinets and a breakfast bar! Breakfast room overlooks the backyard. Spacious master with separate vanities and separate tub & shower. Secondary bedroom and bath downstairs. Three more bedrooms and 2 baths up + gameroom and media room. Pool table stays. Come see this home today!

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Lorene Rogers Middle School Primary Regular 1,184 72 9
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Lorene Rogers Middle School

  • Education Level: Primary
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,527
Property Tax -$1,338
Property Insurance -$285
HOA -$50
Property Management Fees -$99
CASH FLOW
-$940

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.

$685,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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-$20k-$15k-$10k-$5.0k$0.0

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$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$92

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,338

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,2803$3,3604$3,5005$3,745
$3,745
RENT COMPS ANALYSIS
  • 1501 Stillhouse Hollow Drive Prosper, TX 3
    • 5 beds 5 baths ∙ 4,465 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,465 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.75
    •  
  • 1331 Monticello Drive Prosper, TX 1
    • 5 beds 5 baths ∙ 4,602 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,602 Sqft ∙ Built 2006
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.64
    •  
  • 950 Willowmist Drive Prosper, TX 2
    • 5 beds 4 baths ∙ 4,519 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,519 Sqft ∙ Built 2004
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.73
    •  
  • 561 Hidden Lake Drive Prosper, TX 4
    • 4 beds 3 baths ∙ 4,547 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,547 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.77
    •  
  • 850 Dentwood Trail Prosper, TX 5
    • 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,745
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jessica Devenny
Keller Williams No. Collin Cty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470272
Last Updated: 11/12/2020
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