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1721 Thackery Lane Prosper, TX 75078

5 Beds 5 Baths 4,206 sqft Built 2016

$714,990

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $169.99
  • 4 Days on Market
  • MLS # : 14479781
  • Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,206 sqft
  • Baths : 3 full , 2 half
Listing Agent

Robinson Team Real Estate, Llc

Listing Agent's Description

Gorgeously appointed custom home with upgrades galore. All 5 bedrooms (or 4 plus study) on first floor! Second story features huge private media and game room. Chefs dream kitchen boasts crisp white cabinets, decorative range hood, double oven, gorgeous granite counters, and stone detail at bar area! Upgraded gleaming hardwood floors throughout first floor! No detail overlooked with premium cabinets and fixtures at every turn. Outdoor living and kitchen space, over 550 square feet, with wood clad high ceilings, dual fans, recessed lighting, wood look tile floors, stone work, and stainless steel range hood! You'll want to take your time and savor the experience when you visit this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Lorene Rogers Middle School Primary Regular 1,184 72 9
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Lorene Rogers Middle School

  • Education Level: Primary
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$643,491$786,489$714,990

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$2,638
Property Tax -$1,397
Property Insurance -$270
HOA -$42
Property Management Fees -$99
CASH FLOW
-$1,096

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.

$714,990

PROJECTED PRICE

$3,350

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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-$20k-$15k-$10k-$5.0k$0.0

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$195,222

INVESTMENT

$195,222

Down Payment
$178,748
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,748
Loan Amount $536,243
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$42

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,350

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,649

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3503$3,7004$3,7455$3,750
$3,750
RENT COMPS ANALYSIS
  • 1721 Thackery Lane Prosper, TX 2
    • 5 beds 5 baths ∙ 4,206 Sqft ∙ Built 2016 5 beds 5 baths ∙ 4,206 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.80
    •  
  • 1640 Greenwood Court Prosper, TX 1
    • 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.82
    •  
  • 801 Martin Creek Drive Prosper, TX 3
    • 4 beds 4 baths ∙ 4,145 Sqft ∙ Built 2011 4 beds 4 baths ∙ 4,145 Sqft ∙ Built 2011
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.89
    •  
  • 850 Dentwood Trail Prosper, TX 4
    • 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,397 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,745
    • $0.85
    •  
  • 2201 Lewis Canyon Drive Prosper, TX 5
    • 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cody Robinson
Robinson Team Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479781
Last Updated: 12/03/2020
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