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32 Placid Pond Drive Frisco, TX 75034

3 Beds 3 Baths 3,344 sqft Built 2006

INVESTimate

$514,900

List Price

$3,190

$2,940 - $3,440

Rent Est.

$530,141  ( +2.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $153.98
  • 6 Days on Market
  • MLS # : 14413047
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,344 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Relax on your front yard balcony & enjoy the serene view of trees, golf & pond with fountain at this beautiful, UPDATED Starmark custom 3 bedroom 2.5 bath home in gated Willow Pond. Walk thru custom Iron front door into open foyer with spiral staircase, study & iron gated wine grotto. Nailed down, hand scraped hardwood floors down; 2020 plush carpet in master & up. 2020 neutral paint throughout. Kitchen features white painted cabinets, 2020 white granite & subway tiles, stainless sink w colander, cutting board, drying rack & new single arm faucet. Walk in & butlers pantry. 2017 upgraded Roof, 2018 efficient 16 seer ACs, 2020 HWH, 2020 epoxy garage floors. Close to 121 & Tollway, restaurants & shopping!

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: Willow Pond

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k528k

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

Neighborhood: Willow Pond

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262988

* 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
Otis Spears Elementary School Primary Regular 764 43 8
Lamar And Norma Hunt Middle School Middle Regular 785 54 NA
Frisco High School High Regular 2,136 146 8

Otis Spears Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
8
GreatSchools Rating

Lamar And Norma Hunt Middle School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 54
NA
GreatSchools Rating

Frisco High School

  • Education Level: High
  • # of students: 2,136
  • # of teachers: 146
8
GreatSchools Rating
 

$463,410$566,390$514,900

PURCHASE PRICE

$2,871$3,509$3,190

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-$10k-$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 $3,190
EXPENSES Loan Payment -$1,900
Property Tax -$1,021
Property Insurance -$220
HOA -$142
Property Management Fees -$99
CASH FLOW
-$191

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.

$514,900

PROJECTED PRICE

$3,190

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.96%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$13,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,453

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$3,1903$3,6004$3,6005$4,000
$4,000
RENT COMPS ANALYSIS
  • 32 Placid Pond Drive Frisco, TX 2
    • 3 beds 3 baths ∙ 3,344 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,344 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.95
    •  
  • 64 Emerald Pond Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 2002
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.83
    •  
  • 41 Secluded Pond Drive Frisco, TX 3
    • 3 beds 4 baths ∙ 3,452 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,452 Sqft ∙ Built 2007
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.04
    •  
  • 32 Pristine Pond Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,210 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,210 Sqft ∙ Built 2006
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.12
    •  
  • 45 Bass Pond Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 2007
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Carol Carr
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14413047
Last Updated: 08/21/2020
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