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3491 Overhill Drive Frisco, TX 75033

3 Beds 4 Baths 4,149 sqft Built 2004

$525,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $126.54
  • 2 Days on Market
  • MLS # : 14477049
  • Updated Date : 11/28/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,149 sqft
  • Baths : 2 full , 2 half
Listing Agent

Re/max Premier Properties

Listing Agent's Description

Welcome to this beautiful home ready to move into with every surface freshly painted inside & out. Desirable floorplan with All bedrooms down plus bonus room up that includes game room, wet bar & media room. Gorgeous hardwood floors in entry, dining, living, 2 studies, 2nd living room & master bedroom plus new carpet in secondary bedrooms & upstairs. You can create a lifetime of memories in this inviting kitchen that includes butlers pantry, double ovens, island, sitting area & built-in desk all open to the breakfast area. Flexible layout with 2 studies & 2nd living area for a 4th bedroom option. You will enjoy the outdoors on the covered front porch or 11x27 screened in back porch, both with brick floors.

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

Zip Code: 75033

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k443k

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

Zip Code: 75033

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$472,500$577,500$525,000

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 -$1,937
Property Tax -$924
Property Insurance -$267
HOA -$58
Property Management Fees -$99
CASH FLOW
-$665

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.

$525,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$220

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
  • $0.63

    LIST RENT PER SQFT
  • $3,423

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,620
1$2,6202$3,1493$3,495
$3,495
RENT COMPS ANALYSIS
  • 3491 Overhill Drive Frisco, TX 1
    • 3 beds 4 baths ∙ 4,149 Sqft ∙ Built 2004 3 beds 4 baths ∙ 4,149 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.63
    •  
  • 9576 Ironwood Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,149
    • $0.77
    •  
  • 3976 Chevy Chase Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,980 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,980 Sqft ∙ Built 2011
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.88
    •  
PROPERTY LISTING DETAILS
Rusty Pierce
Re/max Premier Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477049
Last Updated: 11/28/2020
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