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

3256 Appalachian Lane Frisco, TX 75033

4 Beds 3 Baths 2,914 sqft Built 2012

$515,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $176.73
  • 2 Days on Market
  • MLS # : 14505245
  • Updated Date : 01/23/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,914 sqft
  • Baths : 3 full
Listing Agent

Rogers Healy And Associates

Listing Agent's Description

Gorgeous one owner home in highly sought after Knolls of Frisco! Surrounded by beautiful green-belts, positioned on a larger lot, you won't want to miss this one of a kind home. Living area offers views of the backyard & features stone gas fireplace. Gourmet eat-in kitchen boasts SS appliances, granite counters, walk-in pantry, abundance of counters & cabinets. Freshly painted owner's retreat offers sitting area, new carpet, two walk-in closets, large shower & undermount sinks. Split Living! Two Bedrooms down plus, office w French doors. Upstairs boasts spacious living area, bedroom, walk-in closet & bath. Outdoor features: covered patio, exterior lighting & more. Top Rated Frisco ISD! See docs for upgrades.

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: 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

* 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
 

$463,500$566,500$515,000

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 -$1,789
Property Tax -$906
Property Insurance -$196
HOA -$18
Property Management Fees -$99
CASH FLOW
-$388

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.

$515,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.51%

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$15k

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$142,225

INVESTMENT

$142,225

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,976

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
  • $0.9

    LIST RENT PER SQFT
  • $2,644

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5993$2,6004$2,6205$2,675
$2,675
RENT COMPS ANALYSIS
  • 3256 Appalachian Lane Frisco, TX 4
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.90
    •  
  • 13060 Janet Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 2,715 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,715 Sqft ∙ Built 2012
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 13208 Janet Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,806 Sqft ∙ Built 2012
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.93
    •  
  • 13026 Stapleton Drive Frisco, TX 3
    • 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
    •  
  • 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
Elizabeth Gleason
Rogers Healy And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505245
Last Updated: 01/23/2021
BESbswy