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2544 Horsetail Frisco, TX 75033

5 Beds 4 Baths 4,093 sqft Built 2020

$745,400

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $182.12
  • 7 Days on Market
  • MLS # : 14515231
  • Updated Date : 02/09/2021 at 08:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,093 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

The Tennyson provides generous space. The primary suite and another bedroom on the first floor is balanced by 3 bedrooms upstairs. Note the large utility room, a separate kitchen eating area, formal dining room, and home office space. This home has a wow factor the minute you enter! The family room boasts vaulted ceiling with cedar wrapped beam upgraded lighting fixtue and modern electric fireplace!

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

Zip Code: 75033

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k443k

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

Zip Code: 75033

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* 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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Newman Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
NA
GreatSchools Rating

Trent Middle School

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

Memorial High School

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

$670,860$819,940$745,400

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$2,589
Property Tax -$1,312
Property Insurance -$264
HOA -$175
Property Management Fees -$99
CASH FLOW
-$809

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$745,400

PROJECTED PRICE

$3,630

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 3.00%
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-$15k-$10k-$5.0k$0.0$5.0k

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$199,531

INVESTMENT

$199,531

Down Payment
$186,350
Rehab Estimate
$2,000
Closing Costs
$11,181

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,589

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,350
Loan Amount $559,050
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,643

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,250
1$3,2502$3,5003$3,5004$3,6305$3,700
$3,700
RENT COMPS ANALYSIS
  • 2544 Horsetail Frisco, TX 4
    • 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2020 5 beds 4 baths ∙ 4,093 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $0.89
    •  
  • 16021 Canyon Ridge Prosper, TX 1
    • 5 beds 5 baths ∙ 3,778 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,778 Sqft ∙ Built 2016
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.86
    •  
  • 4160 Brazoria Drive Prosper, TX 2
    • 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.85
    •  
  • 16198 Moss Haven Lane Frisco, TX 3
    • 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,897 Sqft ∙ Built 2017
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 2620 Buckwheat Road Frisco, TX 5
    • 5 beds 5 baths ∙ 3,894 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,894 Sqft ∙ Built 2020
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14515231
Last Updated: 02/09/2021
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