Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1766 Tumblegrass Road Frisco, TX 75033

5 Beds 4 Baths 3,652 sqft Built 2016

$639,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $174.97
  • 3 Days on Market
  • MLS # : 14492466
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,652 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Designer finishes, family room w statement piece fireplace, plantation shutters in all rooms Home is perfect for entertaining & daily living, with a phenomenal chef’s kit outfitted w upscale appliances, island & custom cabinets! Downstairs offers master ste separate shower, garden tub & dual vanities w- marble counter-tops & huge walk-in closets. 2nd bedroom w full bath down, Study features French doors & closet if needed for 5th room. Don't miss your sliding doors opening until it disappears, leading to the covered patio. Large game room, media room & 2 additional bedrooms each w private bath are up. Close to Green-Belt, Golf Course & amenities.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,219
Property Tax -$1,125
Property Insurance -$238
HOA -$175
Property Management Fees -$99
CASH FLOW
-$636

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.

$639,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.50%

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

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,515

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,220
1$3,2202$3,3003$3,5004$3,7005$3,950
$3,950
RENT COMPS ANALYSIS
  • 1766 Tumblegrass Road Frisco, TX 1
    • 5 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.88
    •  
  • 15648 Pleat Leaf Road Frisco, TX 2
    • 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2020
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.92
    •  
  • 16198 Moss Haven Lane Frisco, TX 3
    • 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 2620 Buckwheat Road Frisco, TX 4
    • 5 beds 5 baths ∙ 3,894 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,894 Sqft ∙ Built 2020
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.95
    •  
  • 1830 Evening Star Road Frisco, TX 5
    • 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
Marilyn Iness
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492466
Last Updated: 01/08/2021
BESbswy