Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2865 Reynolds Lane Frisco, TX 75033

4 Beds 3 Baths 2,961 sqft Built 2010

$525,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $177.30
  • 2 Days on Market
  • MLS # : 14523584
  • Updated Date : 02/27/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,961 sqft
  • Baths : 3 full
Listing Agent

Wasergroup Real Estate Service

Listing Agent's Description

Where to begin?? This home is top of the line from the front to the back and top to bottom! 1.5 story floor plan. Hand scraped HW floors in entry, study, kitchen, breakfast nook, living room, formal dining. Recent carpet in bedrooms and upstairs game room and bedroom. Custom light fixtures. Master and 2 BR down. Kitchen remodeled in the last year. Stone fireplaces in AND out. Big outdoor living area with wiring for TV, fireplace, beautiful salt water pool and spa that is 3 years old. 8' BoB fence. No neighbors behind - very private. Grass area for dogs or play. Heart of NW Frisco and close to DNT, 380, 121, coveted Frisco ISD, incredible shopping, restaurants and entertainment. Shows like a new model!

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: Knolls of Frisco

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Knolls of Frisco

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
Newman Elementary School Primary Unknown 617 39 NA
Trent Middle School Middle Regular NA
Lone Star High School High Regular 1,365 105 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

Lone Star High School

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

$472,500$577,500$525,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,824
Property Tax -$924
Property Insurance -$198
HOA -$72
Property Management Fees -$99
CASH FLOW
-$497

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.

$525,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,628

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6003$2,6004$2,6205$2,675
$2,675
RENT COMPS ANALYSIS
  • 2865 Reynolds Lane Frisco, TX 4
    • 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,961 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.88
    •  
  • 11841 Eden Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 13026 Stapleton Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2006
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
  • 12084 Eden Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2011
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 12443 Tealsky Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2013
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.93
    •  
PROPERTY LISTING DETAILS
Bryan Waser
Wasergroup Real Estate Service
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523584
Last Updated: 02/27/2021
BESbswy