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1981 Mustang Trail Frisco, TX 75033

4 Beds 4 Baths 3,928 sqft Built 2002

$595,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $151.48
  • 3 Days on Market
  • MLS # : 14518293
  • Updated Date : 02/13/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,928 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp & Associates Uptown

Listing Agent's Description

Spacious home in the master planned community of The Trails. Open and inviting entryway with grand staircase and straight view of the backyard oasis. An entertainers dream inside and out. This home has it all - outdoor living kitchen with fire pit, media room, billiards room, surround sound throughout, LED lighting, heated saltwater pool and spa, flex room perfect for homeschool, exercise, or a nursery off the master, built ins galore and custom drapery. Small side yard for pets with a bbq smoking pad. Extended driveway for an additional car parking space. Over $25k in upgrades! New roof and gutters in 2017.

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 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
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,067
Property Tax -$1,047
Property Insurance -$254
HOA -$58
Property Management Fees -$99
CASH FLOW
-$275

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.

$595,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.55%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,064

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,1503$3,1954$3,2005$3,250
$3,250
RENT COMPS ANALYSIS
  • 1981 Mustang Trail Frisco, TX 5
    • 4 beds 4 baths ∙ 3,928 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,928 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.83
    •  
  • 2243 Sandy Creek Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,911 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,911 Sqft ∙ Built 2005
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 10166 Western Hills Drive Frisco, TX 2
    • 5 beds 5 baths ∙ 4,236 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,236 Sqft ∙ Built 2007
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.74
    •  
  • 1758 Mustang Trail Frisco, TX 3
    • 5 beds 4 baths ∙ 4,077 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,077 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.78
    •  
  • 2079 Spindletop Trail Frisco, TX 4
    • 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jessica Boozer
Jp & Associates Uptown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518293
Last Updated: 02/13/2021
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