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2269 Mustang Trail Frisco, TX 75033

4 Beds 4 Baths 4,009 sqft Built 2002

$615,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $153.40
  • 3 Days on Market
  • MLS # : 14496535
  • Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,009 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Stunning and meticulously maintained 2 story home in The Trails! Corner lot, great open flow, with gorgeous slate and hardwood floors, updated light fixtures and fresh paint. Owner suite features seating area with built in shelves and great ensuite with separate vanities, huge walk in shower and walk in closet. Loft upstairs makes the perfect game room or play room and features two built-in desk areas making a great space for at home learning, along with a kitchenette! Media room is perfect for those family movie nights. You will love the backyard oasis, with huge covered patio and gorgeous sparkling pool. Prime location, just a short walk to the Trails of Frisco Golf Club and all that Frisco has to offer!

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,136
Property Tax -$1,082
Property Insurance -$259
HOA -$58
Property Management Fees -$99
CASH FLOW
-$565

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.

$615,000

PROJECTED PRICE

$3,070

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,395

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,287

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0703$3,1954$3,4505$3,600
$3,600
RENT COMPS ANALYSIS
  • 2269 Mustang Trail Frisco, TX 2
    • 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,009 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.77
    •  
  • 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
    •  
  • 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
    •  
  • 3435 Leatherwood Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.86
    •  
  • 2901 Horseshoe Trail Frisco, TX 5
    • 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,973 Sqft ∙ Built 2001
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christie Cannon
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 #: 14496535
Last Updated: 01/08/2021
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