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1747 Garrison Drive Frisco, TX 75033

4 Beds 3 Baths 2,259 sqft Built 2000

$375,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $166.00
  • 2 Days on Market
  • MLS # : 14519396
  • Updated Date : 02/26/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orchard Brokerage

Listing Agent's Description

This elegant single-story home is situated on a spacious corner lot in a quiet subdivision bordering a greenbelt with trails and not far from the community pool. Impressive foyer with hardwoods, high ceiling with crown molding, and decorative lighting. Open concept with two living rooms, an office, and a formal dining room with a recessed ceiling. The kitchen features a massive breakfast area and a study area with a custom desk and cabinets. Additional features include stainless steel appliances, backsplash, an island, and a walk-in pantry. The family room has a gas fireplace and built-ins. Luxurious master suite with a walk-in closet, separate vanities, and a garden tub. Vaulted ceilings in guest bedrooms.

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: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Trails

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
Wilma Fisher Elementary School Primary Regular 663 40 10
Robert Cobb Middle School Middle Unknown NA
Justin Wakeland High School High Regular 2,220 140 9

Wilma Fisher Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 40
10
GreatSchools Rating

Robert Cobb Middle School

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

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,303
Property Tax -$660
Property Insurance -$158
HOA -$58
Property Management Fees -$99
CASH FLOW
-$8

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.

$375,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,214

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,2704$2,2955$2,295
$2,295
RENT COMPS ANALYSIS
  • 1747 Garrison Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.00
    •  
  • 9140 Blue Grass Trail Frisco, TX 1
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2000
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 1483 Forest Oaks Court Frisco, TX 2
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2000
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 1713 Carson Lane Frisco, TX 4
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 2000
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
  • 2301 Campfire Lane Frisco, TX 5
    • 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sam Smith
Orchard Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519396
Last Updated: 02/26/2021
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