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3176 Hampshire Court Frisco, TX 75034

4 Beds 5 Baths 3,154 sqft Built 1994

$599,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $189.92
  • 3 Days on Market
  • MLS # : 14481275
  • Updated Date : 12/05/2020 at 09:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,154 sqft
  • Baths : 3 full , 2 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Take a look at this beautiful and impeccably maintained home located in the luxurious Stonebriar neighborhood. Spacious throughout with plenty of spaces to entertain or for family events. High ceilings throughout to provide ample space. Kitchen with stainless steel appliances and granite countertop. The backyard is an oasis with a pool and beautiful garden, as well as open grass space for entertainment. The house is in a community with a gated and guarded entrance, as well as a golf course to swing away at. 5 star rated Frisco neighborhood.

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
 

$539,100$658,900$599,000

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 -$2,210
Property Tax -$1,054
Property Insurance -$209
HOA -$238
Property Management Fees -$99
CASH FLOW
-$411

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.

$599,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.57%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,078

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
  • $1.08

    LIST RENT PER SQFT
  • $2,831

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6853$2,8004$2,9505$3,400
$3,400
RENT COMPS ANALYSIS
  • 3176 Hampshire Court Frisco, TX 5
    • 4 beds 5 baths ∙ 3,154 Sqft ∙ Built 1994 4 beds 5 baths ∙ 3,154 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.08
    •  
  • 3731 Charter Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 4224 Constitution Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 2,962 Sqft ∙ Built 1999 5 beds 4 baths ∙ 2,962 Sqft ∙ Built 1999
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,685
    • $0.91
    •  
  • 3370 Nation Drive Frisco, TX 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Arturo Vazquez De Anda
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481275
Last Updated: 12/05/2020
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