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2578 Berry Brook Lane Frisco, TX 75034

5 Beds 6 Baths 4,373 sqft Built 2015

$740,000

List Price

$3,450

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $169.22
  • 2 Days on Market
  • MLS # : 14523293
  • Updated Date : 02/28/2021 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,373 sqft
  • Baths : 5 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Gorgeous home for you, 5 bdrm, 5 full baths +half, Office, Game room, Media room & 3 car garage. Original owner and NEVER had PETS. Quality built home by Shaddock. Desired West Frisco community. Beautiful wood floors and soaring ceilings greet you upon entry. Large windows make this home light and bright. Spectacular Chef kitchen with island, SS appliances, 6 burner Gas cooktop, double oven, walk in pantry and plenty of cabinets & counter space. Spacious Master suite downstairs with His & Hers closets and spa-like ensuite. Every bedroom has direct access to a full bath. Mud room upgraded. Covered Patio. Close to Top Rated schools. Minutes to Tollway, Restaurants, Shopping, The Star & much more. Come see today!

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: 75034

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k469k

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

Zip Code: 75034

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263301

* 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
Calvin Bledsoe Elementary School Primary Regular 697 42 10
Pearson Middle School Middle Regular NA
Rick Reedy High School High Regular NA

Calvin Bledsoe Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
10
GreatSchools Rating

Pearson Middle School

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

Rick Reedy High School

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

$666,000$814,000$740,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$2,570
Property Tax -$1,303
Property Insurance -$280
HOA -$50
Property Management Fees -$99
CASH FLOW
-$852

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.

$740,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.47%

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$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$201,850

INVESTMENT

$201,850

Down Payment
$185,000
Rehab Estimate
$5,750
Closing Costs
$11,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $185,000
Loan Amount $555,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,450

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,630

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,5003$3,5004$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 2578 Berry Brook Lane Frisco, TX 1
    • 5 beds 6 baths ∙ 4,373 Sqft ∙ Built 2015 5 beds 6 baths ∙ 4,373 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.79
    •  
  • 3302 Cedar Creek Trail Frisco, TX 2
    • 5 beds 5 baths ∙ 4,533 Sqft ∙ Built 2011 5 beds 5 baths ∙ 4,533 Sqft ∙ Built 2011
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.77
    •  
  • 3232 Woodbine Trail Frisco, TX 3
    • 5 beds 5 baths ∙ 4,533 Sqft ∙ Built 2011 5 beds 5 baths ∙ 4,533 Sqft ∙ Built 2011
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.77
    •  
  • 5475 Brookhill Lane Frisco, TX 4
    • 4 beds 5 baths ∙ 4,305 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,305 Sqft ∙ Built 2004
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.86
    •  
  • 6618 Silver Stream Lane Frisco, TX 5
    • 5 beds 6 baths ∙ 4,129 Sqft ∙ Built 2014 5 beds 6 baths ∙ 4,129 Sqft ∙ Built 2014
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Anna Henderson
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523293
Last Updated: 02/28/2021
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