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3549 Berkwood Place Frisco, TX 75034

5 Beds 5 Baths 3,630 sqft Built 2010

$500,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $137.74
  • 4 Days on Market
  • MLS # : 14512916
  • Updated Date : 02/05/2021 at 07:56
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,630 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Stunning home loaded with upgrades that features a dramatic staircase with iron spindles. Master on first floor along with a guest bdrm. with private bath. Combined formals with trey ceilings and floor to ceiling stone FP in fam room. Kitchen features granite, upgraded cabs, gas CT, butlers pantry, SS appl. and walk-in pantry. Granite in Master, powder and downstairs guest bath. Game and Media Room. Covered patio and recent flagstone deck. No lockbox. Tenants will be in the house. Make your appointment with Showingtime. Prefer closing in Feb-Mar with a leaseback until July 15, 2021.

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: Village Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Village Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Vaughn Elementary School Primary Unknown NA
Pioneer Heritage Middle School Middle Regular 1,080 67 10
Frisco High School High Regular 2,136 146 8

Vaughn Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Pioneer Heritage Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 67
10
GreatSchools Rating

Frisco High School

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

$450,000$550,000$500,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,737
Property Tax -$880
Property Insurance -$237
HOA -$38
Property Management Fees -$99
CASH FLOW
$39

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.

$500,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 2.4%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$25,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,995

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9953$3,0004$3,0305$3,200
$3,200
RENT COMPS ANALYSIS
  • 3549 Berkwood Place Frisco, TX 4
    • 5 beds 5 baths ∙ 3,630 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,630 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $0.83
    •  
  • 3230 Cedar Creek Trail Frisco, TX 1
    • 4 beds 4 baths ∙ 3,467 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,467 Sqft ∙ Built 2011
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
  • 3239 Woodbine Trail Frisco, TX 2
    • 5 beds 4 baths ∙ 3,809 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,809 Sqft ∙ Built 2008
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.79
    •  
  • 7647 Amberdale Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,646 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,646 Sqft ∙ Built 2011
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 6828 Rambling Trail Frisco, TX 5
    • 5 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512916
Last Updated: 02/05/2021
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