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2267 Chaenult Drive Frisco, TX 75033

4 Beds 4 Baths 3,664 sqft Built 2006

$449,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $122.54
  • 2 Days on Market
  • MLS # : 14470641
  • Updated Date : 11/14/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,664 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

This warm, welcoming, freshly painted, open floorplan 4 bed, 3.5 bath home includes a Texas-sized split common area that is perfect for a family game room and is located in highly sought-after Christie Ranch in Frisco, Frisco ISD. The open kitchen, with Kitchen-Aide appliances, and breakfast nook overlooks the living area, which features vaulted ceilings, a wall of windows and fireplace. Perfect for entertaining. 3 spacious bedrooms upstairs, each with a walk-in closet. Quaint backyard is perfect for a swing set or garden! Community offers swimming pool, playground, basketball court, greenbelt, lake. Ideal location for Commuters. Close to Dallas North Tollway and Sam Rayburn Hwy, shopping and great restaurants.

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: Christie Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k532k

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

Neighborhood: Christie Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263153

* 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
Mary M. Boals Elementary School Primary Regular 704 42 8
Trent Middle School Middle Regular NA
Lone Star High School High Regular 1,365 105 NA

Mary M. Boals Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 42
8
GreatSchools Rating

Trent Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lone Star High School

  • Education Level: High
  • # of students: 1,365
  • # of teachers: 105
NA
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,657
Property Tax -$790
Property Insurance -$239
HOA -$58
Property Management Fees -$99
CASH FLOW
-$293

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.

$449,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,684

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5503$2,6004$2,6505$2,975
$2,975
RENT COMPS ANALYSIS
  • 2267 Chaenult Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,664 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 13314 Roadster Drive Frisco, TX 1
    • 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 2004
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.69
    •  
  • 2171 Mackinac Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 2008
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 2392 Chenault Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,676 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,676 Sqft ∙ Built 2006
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 2282 Kittyhawk Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,703 Sqft ∙ Built 2012
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.80
    •  
PROPERTY LISTING DETAILS
Madalyn Begley
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470641
Last Updated: 11/14/2020
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