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1594 Bedstraw Lane Frisco, TX 75033

4 Beds 4 Baths 2,842 sqft Built 2018

$459,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $161.51
  • 4 Days on Market
  • MLS # : 14505266
  • Updated Date : 01/29/2021 at 15:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,842 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dhs Realty

Listing Agent's Description

Charming 4-3.5-2 located in FRISCO, TX with top rated schools FRISCO ISD A+! PGA CLOSE BY! Beautiful 2 story on a CORNER LOT - Over 50k in upgrades! ELEVATION, stone, & brick. Open floor concept with vaulted ceilings! Kitchen offers large island, granite, white cabinets, SS appliances - built-in micro & oven. Bay window upgraded in dining area. Open living room leads to covered patio with an extended deck! Tile-wood throughout entire first floor common areas. HUGE master bedroom with a walk-in shower, separate tub, and massive closet. Dual entry utility room from master closet and mud room. UPGRADED bedroom upstairs with its own ensuite bath - Use as 2nd master if wanted! COME SEE - Don't miss your chance!!!!!

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: Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Grayhawk

NeighborhoodNIR 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
Billy Gene Phillips Elementary School Primary Unknown 749 42 NA
Sue Wilson Stafford Middle School Middle Regular 1,146 78 10
Lone Star High School High Regular 1,365 105 NA

Billy Gene Phillips Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 42
NA
GreatSchools Rating

Sue Wilson Stafford Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 78
10
GreatSchools Rating

Lone Star High School

  • Education Level: High
  • # of students: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,594
Property Tax -$808
Property Insurance -$191
HOA -$80
Property Management Fees -$99
CASH FLOW
-$222

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.

$459,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.56%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,065

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,267

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,2954$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 1594 Bedstraw Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.90
    •  
  • 14175 Valley Mills Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2010
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
  • 14508 Little Anne Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,938 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 1534 Pelican Frisco, TX 3
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2006
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
  • 1470 Pelican Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,992 Sqft ∙ Built 2006
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.87
    •  
PROPERTY LISTING DETAILS
Shawn Ryken
Dhs Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505266
Last Updated: 01/29/2021
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