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15470 Tealwood Lane Frisco, TX 75035

5 Beds 4 Baths 3,945 sqft Built 2006

$499,900

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $126.72
  • 4 Days on Market
  • MLS # : 14517435
  • Updated Date : 02/25/2021 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,945 sqft
  • Baths : 4 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

This Sotherby home in Stonelake Estates is a must see! The welcoming entrance has hand-scraped hardwood floors and a beautiful open staircase with wrought iron balusters. The gourmet kitchen has granite countertops, SS appliances, double oven, and island. The living room is well-lit with lots of windows, high ceilings, and a stone gas fireplace. The main floor spacious master bedroom is located at the back of the house for a quiet retreat. Downstairs there is a guest bedroom and an office. Upstairs your family can enjoy spending time together in the enormous game room that has a wet bar and additional media room. Three bedrooms and two full baths are upstairs. Three car garage - two car bay and single car bay.

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: Stonelake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Stonelake Estates

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
Lucille Rogers Ashley Elementary School Primary Regular 848 46 9
Nelson 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

Nelson 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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$1,736
Property Tax -$991
Property Insurance -$255
HOA -$44
Property Management Fees -$99
CASH FLOW
-$135

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.

$499,900

PROJECTED PRICE

$2,990

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$11,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,146

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9903$3,0004$3,3005$3,300
$3,300
RENT COMPS ANALYSIS
  • 15470 Tealwood Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.76
    •  
  • 15854 Ryan Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,945 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.72
    •  
  • 12328 Nandina Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,928 Sqft ∙ Built 2010
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.76
    •  
  • 15855 Atkins Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,897 Sqft ∙ Built 2005
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.85
    •  
  • 11480 Covey Point Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,829 Sqft ∙ Built 2006
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.86
    •  
PROPERTY LISTING DETAILS
Russ Smith
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517435
Last Updated: 02/25/2021
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