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16405 Prairie Oak Road Frisco, TX 75033

4 Beds 4 Baths 3,005 sqft Built 2018

$669,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $222.63
  • 4 Days on Market
  • MLS # : 14529172
  • Updated Date : 03/13/2021 at 09:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,005 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Showings begin Friday 3.12.21 Stunning single story Britton showstopper with ample natural lighting. Loaded with all the upgrades including impressive california sliders, hand-scraped nail down hardwoods, remote controlled automatic window coverings, media and study, and epoxied 3 car tandem garage, this beauty sits on an oversized lot with over $25,000 in beautiful landscaping. Located in sought-after golf community of Hollyhock, nestled on the borders of PGA HQ, this community is known for its resort-style amenities and lifestyle events. The award winning schools are the icing on the cake for this hidden gem. Info herein deemed reliable but not guaranteed. Buyers and buyers agents to verify all info

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: 75033

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k443k

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

Zip Code: 75033

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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Newman Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
NA
GreatSchools Rating

Trent Middle School

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

Memorial High School

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

$602,100$735,900$669,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,324
Property Tax -$1,178
Property Insurance -$201
HOA -$175
Property Management Fees -$99
CASH FLOW
-$1,236

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.

$669,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,745

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5993$2,7404$3,050
$3,050
RENT COMPS ANALYSIS
  • 16405 Prairie Oak Road Frisco, TX 3
    • 4 beds 8 baths ∙ 3,005 Sqft ∙ Built 2018 4 beds 8 baths ∙ 3,005 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.91
    •  
  • 14208 Blueberry Hill Drive Little Elm, TX 1
    • 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 13208 Janet Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2012
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.93
    •  
  • 3001 Renmuir Drive Prosper, TX 4
    • 5 beds 4 baths ∙ 3,273 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,273 Sqft ∙ Built 2019
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.93
    •  
PROPERTY LISTING DETAILS
Amanda Rupley
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529172
Last Updated: 03/13/2021
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