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1965 Chisholm Trail Frisco, TX 75033

4 Beds 3 Baths 2,927 sqft Built 2000

$469,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $160.54
  • 3 Days on Market
  • MLS # : 14532758
  • Updated Date : 03/19/2021 at 16:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,927 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-coit

Listing Agent's Description

Sought after 1.5 STORY Highland built home in much coveted Trails, situated along the lake with a spectacular WATER VIEW. Lg bkyd grassy area. All 4 BRs down, 3 split from Owner’s Suite, plus study, 3 full baths, FDR, 2 lg LAs. Beautiful staggered tile flrg thru out 1st flr. Corner WBFP w dramatic wall of windows from FR to covered outdoor patio LA perfect for entertaining or days’ end relaxation. Oversized Owner’s Suite, updated Owner’s bath. Lg island kit w gas cktp range, window seat, over cab ltg, granite ctrs, huge brkft bar. 2nd flr offers game rm, teen retreat, exer area, or man cave space. Comm pools, tennis, hike + bike trails, park, plygrds.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,632
Property Tax -$827
Property Insurance -$196
HOA -$58
Property Management Fees -$99
CASH FLOW
-$473

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.

$469,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$628

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,4003$2,4004$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 1965 Chisholm Trail Frisco, TX 1
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.80
    •  
  • 2527 Windgate Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 1999
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 2523 Campfire Lane Frisco, TX 3
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2000
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 1524 Idlewild Drive Frisco, TX 4
    • 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2004
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.91
    •  
  • 1890 Thorndale Circle Frisco, TX 5
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2003
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Linda Jackson
Ebby Halliday, Realtors-coit
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532758
Last Updated: 03/19/2021
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