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2459 Tisbury Way Little Elm, TX 75068

4 Beds 3 Baths 2,698 sqft Built 1999

$289,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $107.12
  • 3 Days on Market
  • MLS # : 14481256
  • Updated Date : 01/23/2021 at 14:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 2 full , 1 half
Listing Agent

Three65 Realty

Listing Agent's Description

HUGE BACKYARD! Beautiful home on a large lot in desired Frisco ISD . The backyard is big enough to add a pool, build an outdoor kitchen, and still have plenty of yard remaining. The kitchen has granite countertops, stainless steel appliances, and a full size refrigerator and a full size freezer included. Nice sized bedrooms with one large enough to be a game room. Oversized laundry room located downstairs. Community pool and playground. Multiple Offers Received. Best and final offers by 4 pm Sunday, January 24th. Available for appointments until 3 pm Saturday and 12 - 3 pm Sunday.

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: Marina Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $122k308k

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

Neighborhood: Marina Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10841912

* 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
Weldon F. Corbell Elementary School Primary Regular 714 44 8
Robert Cobb Middle School Middle Regular 909 63 NA
Lone Star High School High Regular 1,365 105 NA

Weldon F. Corbell Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 44
8
GreatSchools Rating

Robert Cobb Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 63
NA
GreatSchools Rating

Lone Star High School

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

$260,100$317,900$289,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,004
Property Tax -$643
Property Insurance -$183
HOA -$28
Property Management Fees -$99
CASH FLOW
$93

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$289,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,761

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0503$2,0954$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 2459 Tisbury Way Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 2220 Breanna Way Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2002
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.73
    •  
  • 2637 Pine Trail Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2007
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 2633 Deer Hollow Drive Little Elm, TX 4
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2005
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 517 Windward Drive Little Elm, TX 5
    • 3 beds 3 baths ∙ 2,752 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,752 Sqft ∙ Built 2016
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.85
    •  
PROPERTY LISTING DETAILS
Kristen Talamantez
Three65 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481256
Last Updated: 01/23/2021
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