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2771 Barnhill Lane Frisco, TX 75034

4 Beds 4 Baths 4,175 sqft Built 2005

$550,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $131.74
  • 2 Days on Market
  • MLS # : 14518397
  • Updated Date : 02/13/2021 at 22:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,175 sqft
  • Baths : 3 full , 1 half
Listing Agent

Era Irealty

Listing Agent's Description

Gorgeous home in Lone Star Ranch Quail Meadow within walking distance to parks and school. The foyer welcomes you with an elegant spiral iron staircase, separate living and dining room. Huge kitchen with a lot of cabinet spaces & center island with breakfast area. Large family room with fireplace, office & master bedroom on the first floor. Master shower has elegant glass block making the room feel bright & open. Game room & huge separate media room on second floor has a snack bar. 3 bedrooms up with 2 full baths. This spacious home is ready for its new owner, located in a beautiful community with lighted bike trails & play grounds along with clubhouse, fitness center, 3 resort style pools and stocked lake.

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: Quail Meadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Quail Meadow Village

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
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
 

$495,000$605,000$550,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$1,910
Property Tax -$968
Property Insurance -$268
HOA -$95
Property Management Fees -$99
CASH FLOW
$60

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.

$550,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.2%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$28,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,444

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,4004$3,7005$3,750
$3,750
RENT COMPS ANALYSIS
  • 2771 Barnhill Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 4,175 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,175 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.81
    •  
  • 2887 Cape Buffalo Trail Frisco, TX 1
    • 5 beds 5 baths ∙ 4,002 Sqft ∙ Built 2016 5 beds 5 baths ∙ 4,002 Sqft ∙ Built 2016
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.80
    •  
  • 4492 Lindenwood Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 4,273 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,273 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.75
    •  
  • 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
    •  
  • 2750 Greenway Drive Frisco, TX 5
    • 4 beds 5 baths ∙ 4,220 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,220 Sqft ∙ Built 2002
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.89
    •  
PROPERTY LISTING DETAILS
Trang Dang-le
Era Irealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518397
Last Updated: 02/13/2021
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