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

15198 Sassafras Road Frisco, TX 75035

4 Beds 4 Baths 3,603 sqft Built 2018

$699,000

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $194.00
  • 2 Days on Market
  • MLS # : 14508042
  • Updated Date : 02/06/2021 at 06:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,603 sqft
  • Baths : 4 full
Listing Agent

Stepstone Realty, Llc

Listing Agent's Description

Stunning Southgate home with park view in The Grove! Modern, clean lines and tons of upgrades! White cabinets, large island overlooking family room, gorgeous wide-plank white oak floors and extra plush carpeting, luxurious master bath with pass-thru shower and free-standing tub, Tesla charging outlet and epoxy floors in garage. Office, media room, master and secondary bedroom on main level. Spacious game room, two bedrooms, and two baths on second level. Enjoy entertaining on the large covered patio or walk to the hammock park, pool, Swirl Cafe, etc.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* 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
Lucille Rogers Ashley Elementary School Primary Regular 848 46 9
Lawler Middle School Middle Unknown NA
Independence High School High Unknown 1,161 102 9

Lucille Rogers Ashley Elementary School

  • Education Level: Primary
  • # of students: 848
  • # of teachers: 46
9
GreatSchools Rating

Lawler Middle School

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

Independence High School

  • Education Level: High
  • # of students: 1,161
  • # of teachers: 102
9
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$2,428
Property Tax -$1,386
Property Insurance -$235
HOA -$180
Property Management Fees -$99
CASH FLOW
-$658

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.

$699,000

PROJECTED PRICE

$3,670

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,351

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,2004$3,4955$3,670
$3,670
RENT COMPS ANALYSIS
  • 15198 Sassafras Road Frisco, TX 5
    • 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,603 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $1.02
    •  
  • 8708 Tutbury Place Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,435 Sqft ∙ Built 2017
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.87
    •  
  • 8712 Fairway Lane Mckinney, TX 2
    • 5 beds 4 baths ∙ 3,444 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,444 Sqft ∙ Built 2019
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.90
    •  
  • 14786 Crystal Beach Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,459 Sqft ∙ Built 2015
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.93
    •  
  • 14841 Germantown Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.02
    •  
PROPERTY LISTING DETAILS
Don Carlson
Stepstone Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508042
Last Updated: 02/06/2021
BESbswy