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2815 Bandolier Lane Frisco, TX 75033

4 Beds 4 Baths 3,314 sqft Built 2001

INVESTimate

$425,000

List Price

$2,480

$2,232 - $2,728

Rent Est.

$447,313  ( +5.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $128.24
  • 8 Days on Market
  • MLS # : 14414071
  • Updated Date : 08/25/2020 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,314 sqft
  • Baths : 3 full , 1 half
Listing Agent

Allie Beth Allman & Assoc.

Listing Agent's Description

Beautiful home in The Trails, a top rated master planned community with 3 pools, parks, jogging trails, tennis & basketball courts. The kitchen is open to the family room with beautiful 2 story windows & the breakfast nook has built in banquette seating. Also downstairs you will find another living area & dining room together measuring 25 x 11 that is perfect for entertaining. The over-sized master bedroom has bay windows. An office & half bath are down. Upstairs boasts 3 bedrooms, 2 baths & a game room. The backyard is private with an extended pergola & newly stained fence. It also has mature trees & lots of grass. This is one of Frisco's most desirable golf course communities. New carpet is being installed.

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: 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,568
Property Tax -$748
Property Insurance -$219
HOA -$58
Property Management Fees -$99
CASH FLOW
-$212

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.

$425,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,843

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,477

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3953$2,4004$2,4805$2,690
$2,690
RENT COMPS ANALYSIS
  • 2815 Bandolier Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,314 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,314 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.75
    •  
  • 2021 Winchester Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 1998
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 9861 Chamber Hall Drive Frisco, TX 2
    • 3 beds 4 baths ∙ 3,135 Sqft ∙ Built 2003 3 beds 4 baths ∙ 3,135 Sqft ∙ Built 2003
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.76
    •  
  • 1765 Angel Falls Drive Frisco, TX 3
    • 5 beds 3 baths ∙ 3,197 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,197 Sqft ∙ Built 1999
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 2131 Crowbridge Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2002
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.78
    •  
PROPERTY LISTING DETAILS
Jill Noland
Allie Beth Allman & Assoc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414071
Last Updated: 08/25/2020
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