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1943 Remington Lane Frisco, TX 75033

4 Beds 4 Baths 3,556 sqft Built 2002

$482,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $135.55
  • 2 Days on Market
  • MLS # : 14491413
  • Updated Date : 01/09/2021 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,556 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Gorgeous home located in sought after The Trails of West Frisco! This 4 bed, 3.1 bath home features a grand entry, wood floors, plantation shutters, iron balusters, separate study & 3 car garage. The kitchen is equipped with granite countertops, ss appliances, butler’s pantry with wine grotto & large pantry. Great sized living area with stacked fireplace & built ins. The upstairs provides secondary bedrooms, game room and plenty of storage. Beautiful covered patio looks out to backyard with plenty of room to run, play or build the pool of your dreams. Walking distance to community pool, tennis courts, elementary & middle school. Welcome Home!

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

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 Regular 909 63 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: 909
  • # of teachers: 63
NA
GreatSchools Rating

Justin Wakeland High School

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

$433,800$530,200$482,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,674
Property Tax -$848
Property Insurance -$233
HOA -$58
Property Management Fees -$99
CASH FLOW
-$163

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.

$482,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.57%

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$1.2M$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,480

INVESTMENT

$133,480

Down Payment
$120,500
Rehab Estimate
$5,750
Closing Costs
$7,230

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,674

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,500
Loan Amount $361,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$10,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,783

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6903$2,7504$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 1943 Remington Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,556 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.77
    •  
  • 9632 Millstream Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.71
    •  
  • 2131 Crowbridge Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.78
    •  
  • 9768 Hawks Landing Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 1999
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 2079 Spindletop Trail Frisco, TX 5
    • 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Stacey Feltman
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491413
Last Updated: 01/09/2021
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