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3 Southern Hills Court Frisco, TX 75034

4 Beds 4 Baths 3,193 sqft Built 1989

$725,000

List Price

$3,870

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $227.06
  • 2 Days on Market
  • MLS # : 14532135
  • Updated Date : 03/27/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,193 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Fabulously updated custom,plantation style home w-colonnaded covered front porch on oversized corner cul de sac lot in the exclusive gated guarded golf course community of Stonebriar. Neutral color palette~hrdwd flrs~walls of windows~plantation shutters~designer lighting. Formal Living w-pass thru FP to sun room which could be used as study. Massive Primary Suite~Lavish primary bath w-clawfoot tub~seamless glass shower~his and her closets and access to pool. Culinary Kit shines w- gas cooktop~SS apps~newly painted cabs & flows open to the brkfst rm & den w-FP. Upstairs are three guest beds. Bkyrd w- pool, water feature & tanning ledge, expanded open patio area. 2019 Class IV Stone Coated Steel Roof & gutters!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Stonebriar

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k731k

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

Neighborhood: Stonebriar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264036

* 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
Hicks Elementary School Primary Regular 615 43 9
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Hicks Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 43
9
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,483$4,257$3,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,870
EXPENSES Loan Payment -$2,518
Property Tax -$1,276
Property Insurance -$212
HOA -$252
Property Management Fees -$99
CASH FLOW
-$487

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.

$725,000

PROJECTED PRICE

$3,870

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.5%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,870

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,329

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9503$3,8004$3,8505$3,870
$3,870
RENT COMPS ANALYSIS
  • 3 Southern Hills Court Frisco, TX 5
    • 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $3,870
    • $1.21
    •  
  • 3370 Nation Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 2004
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 4758 Ridgeland Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,103 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,103 Sqft ∙ Built 1999
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.95
    •  
  • 4617 Firestone Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,343 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,343 Sqft ∙ Built 1991
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.14
    •  
  • 4612 Firestone Drive Frisco, TX 4
    • 4 beds 5 baths ∙ 3,362 Sqft ∙ Built 1993 4 beds 5 baths ∙ 3,362 Sqft ∙ Built 1993
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jan Chavoya
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532135
Last Updated: 03/27/2021
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