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2138 Kennedy Drive Frisco, TX 75034

4 Beds 4 Baths 3,709 sqft Built 2016

$725,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $195.47
  • 2 Days on Market
  • MLS # : 14531449
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,709 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Located in the desirable guard gated community of The Hills of Kingswood, this traditional beauty can now be yours! Upon entry enjoy soaring ceilings in the foyer & living space. Boasting rich walnut colored woods, the kitchen features stainless steel appliances, granite counters, 5 burner gas stove w pot filler & butler's pantry. Dining, office & master suite are all on the main level. Upstairs find 3 bedrooms, one with en-suite bath, media room & a large game room overlooking the living space downstairs. After a long day, retreat to the beautifully landscaped backyard adorned w banana trees that emerge in the warmer months around the custom BMR saltwater plunge pool making for your very own tropical oasis!

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: Hills of Kingswood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k692k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hills of Kingswood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263946

* 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
B B Owen Elementary School Primary Regular 496 38 5
Griffin Middle School Middle Regular 765 57 5
The Colony High School High Regular 1,987 139 8

B B Owen Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 38
5
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 57
5
GreatSchools Rating

The Colony High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 139
8
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,518
Property Tax -$1,276
Property Insurance -$242
HOA -$150
Property Management Fees -$99
CASH FLOW
-$955

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.

$725,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$56

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,893

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,8503$2,9954$3,0005$3,330
$3,330
RENT COMPS ANALYSIS
  • 2138 Kennedy Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,709 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,709 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $0.90
    •  
  • 3466 Washington Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,553 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,553 Sqft ∙ Built 2005
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.76
    •  
  • 3401 Nation Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,577 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,577 Sqft ∙ Built 2004
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.80
    •  
  • 3154 Impala Trail Frisco, TX 3
    • 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 2014
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.78
    •  
  • 3075 Nyala Trail Frisco, TX 4
    • 5 beds 4 baths ∙ 3,867 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,867 Sqft ∙ Built 2016
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Alicia Chmielewski
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531449
Last Updated: 03/12/2021
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