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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $188.49
- 3 Days on Market
- MLS # : 14518156
- Updated Date : 02/20/2021 at 08:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,944 sqft
- Baths : 3 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
*SHOWINGS SUN 12-2pm and resume Mon 2.22.21* BETTER THAN NEW (6mo old beauty!) with designer looks! Highly sought after Hollyhock Community, backing up to the new PGA HQ and filled with resort-style amenities in Frisco ISD. This gorgeous, barely-lived-in home, is ready to make someone's dreams come true. This one doesn't miss a beat. Open concept, quartz counter tops, stainless steel appliances, EPOXIED THREE CAR GARAGE, and HUGE CORNER lot awaiting its backyard oasis! The master plus another bedroom downstairs with full walk in shower bth plus a study, two bedrooms and one full bath up with media and gameroom. Info herein deemed accurate but not guaranteed. Buyer and buyer agent to verify
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75033
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$1,927 |
| Property Tax | -$977 | |
| Property Insurance | -$197 | |
| HOA | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$425
|
||
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.
$554,900
PROJECTED PRICE
$2,950
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$152,799
LOAN DETAILS
$1,927
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $138,725 |
| Loan Amount | $416,175 |
1.08
YEARS SAVED
$2,800
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,929
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
16619 Nightshade Road Frisco, TX 3
- 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $2,950
- $1.00
-
4581 Crossvine Drive Prosper, TX 1
- 3 beds 4 baths ∙ 2,595 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,595 Sqft ∙ Built 2014
![property image]()
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,295
- $0.88
-
3911 Prairie Clover Lane Prosper, TX 2
- 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2018
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $2,900
- $1.05
-
4850 Verbena Way Prosper, TX 4
- 3 beds 3 baths ∙ 2,949 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,949 Sqft ∙ Built 2016
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,999
- $1.02
-
4150 Porosa Lane Prosper, TX 5
- 4 beds 5 baths ∙ 3,288 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,288 Sqft ∙ Built 2017
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $3,400
- $1.03
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518156
Last Updated: 02/20/2021
