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1766 Tumblegrass Road Frisco, TX 75033

5 Beds 4 Baths 3,652 sqft Built 2016

INVESTimate

$565,000

List Price

$2,860

$2,610 - $3,110

Rent Est.

$595,623  ( +5.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $154.71
  • 7 Days on Market
  • MLS # : 14401690
  • Updated Date : 08/20/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,652 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Absolutely STUNNING DREES HOME in the highly sought after resort-style, Hollyhock. Designer finishes, family rm w statement piece fireplace, plantation shutters in all rms 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 ct-tops & huge walk-in closets. 2nd bdrm 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 bdrms each w private bath are up.Close to Green-Belt, Golf Course & amenities

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

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,085
Property Tax -$994
Property Insurance -$238
HOA -$160
Property Management Fees -$99
CASH FLOW
-$716

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.

$565,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,049

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8603$2,9504$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 1766 Tumblegrass Road Frisco, TX 2
    • 5 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $0.78
    •  
  • 16262 Bedford Falls Lane Frisco, TX 1
    • 4 beds 4 baths ∙ 3,563 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,563 Sqft ∙ Built 2017
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.70
    •  
  • 261 Driscoll Lane Frisco, TX 3
    • 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017
    property image
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 1830 Evening Star Road Frisco, TX 4
    • 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 2016
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.96
    •  
  • 16198 Moss Haven Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
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 #: 14401690
Last Updated: 08/20/2020
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