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3358 Nutmeg Circle Frisco, TX 75034

6 Beds 5 Baths 4,558 sqft Built 2000

$564,000

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $123.74
  • 2 Days on Market
  • MLS # : 14487870
  • Updated Date : 12/19/2020 at 18:04
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,558 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Realty Plano

Listing Agent's Description

Look no further! This home has the creek view with a nice size backyard and the playground a stone’s throw away. The eye catching entry offers a split staircase and a cute wine storage area. Extensive tile flooring leads to formals and a two story family room with an abundance of light. The island kitchen with gas cooking is perfect for entertaining. The rear master suite and the sixth bedroom with a full bath is downstairs, also making a nice private home office with handsome built-ins. Upstairs offers four bedrooms with two Jack ‘n Jill baths, game and media room. Oversized 3 car side by side garage. Note the side yard has a privacy gated wood fence for pets or storage. Community pool!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: The Lakes on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Lakes on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263428

* 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
 

$507,600$620,400$564,000

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$2,081
Property Tax -$993
Property Insurance -$291
HOA -$69
Property Management Fees -$99
CASH FLOW
$148

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.

$564,000

PROJECTED PRICE

$3,680

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,210

INVESTMENT

$155,210

Down Payment
$141,000
Rehab Estimate
$5,750
Closing Costs
$8,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,000
Loan Amount $423,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$44,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,703

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,6003$3,6804$3,8005$3,950
$3,950
RENT COMPS ANALYSIS
  • 3358 Nutmeg Circle Frisco, TX 3
    • 6 beds 5 baths ∙ 4,558 Sqft ∙ Built 2000 6 beds 5 baths ∙ 4,558 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $0.81
    •  
  • 4323 Leighton Lane Frisco, TX 1
    • 5 beds 4 baths ∙ 4,545 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,545 Sqft ∙ Built 2015
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.73
    •  
  • 1659 Sandstone Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,641 Sqft ∙ Built 2004
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 4308 Cheetah Trail Frisco, TX 4
    • 5 beds 5 baths ∙ 4,383 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,383 Sqft ∙ Built 2015
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.87
    •  
  • 4703 Haverford Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 4,527 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,527 Sqft ∙ Built 2003
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Janis Smith
Coldwell Banker Realty Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487870
Last Updated: 12/19/2020
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