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3352 Hartford Lane Frisco, TX 75033

5 Beds 4 Baths 4,367 sqft Built 2007

$617,500

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $141.40
  • 3 Days on Market
  • MLS # : 14503996
  • Updated Date : 01/22/2021 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,367 sqft
  • Baths : 4 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Exquisite, Sotherby Home, with outstanding curb appeal is situated in Shaddock Creek Estates. Amazing interior features rich wood floors. Living room with a double height ceiling, magnificent fireplace with stone surround and a wooden mantle. Wonderful open flowing floor plan! Chef's Kitchen, Formal Dining, Private Study, Game + Media! Romantic Master Suite with a sitting area enclosed by bay windows + an en-suite bath! 1st Floor guest Bedroom + 3 Bedrooms up! So many upgrades including hand skip trowel wall texture, stacked crown molding, wrought iron balusters, 14 SEER HVAC & more! Backyard with a covered patio and high fence for privacy! Great Location and Move in Ready!

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: Shaddock Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k692k

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

Neighborhood: Shaddock Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264310

* 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
Pink Elementary School Primary Regular 584 38 10
Bennett And Alma Griffin Middle School Middle Regular 815 56 10
Justin Wakeland High School High Regular 2,220 140 9

Pink Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 38
10
GreatSchools Rating

Bennett And Alma Griffin Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 56
10
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$555,750$679,250$617,500

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,145
Property Tax -$1,087
Property Insurance -$280
HOA -$50
Property Management Fees -$99
CASH FLOW
-$510

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.

$617,500

PROJECTED PRICE

$3,150

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 1.0%
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-$15k-$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$169,388

INVESTMENT

$169,388

Down Payment
$154,375
Rehab Estimate
$5,750
Closing Costs
$9,263

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,145

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,375
Loan Amount $463,125
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,461

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,1503$3,4004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 3352 Hartford Lane Frisco, TX 2
    • 5 beds 4 baths ∙ 4,367 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,367 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.72
    •  
  • 10215 Tambra Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,236 Sqft ∙ Built 2004
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.74
    •  
  • 2217 Sandy Creek Drive Frisco, TX 3
    • 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2007
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.75
    •  
  • 4219 Bal Harbour Frisco, TX 4
    • 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,231 Sqft ∙ Built 2008
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.83
    •  
  • 11693 Mirage Lane Frisco, TX 5
    • 5 beds 5 baths ∙ 4,242 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,242 Sqft ∙ Built 2005
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joe Washburn
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503996
Last Updated: 01/22/2021
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