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3768 Caruth Lane Frisco, TX 75034

5 Beds 4 Baths 3,860 sqft Built 2013

$550,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $142.49
  • 3 Days on Market
  • MLS # : 14523866
  • Updated Date : 03/06/2021 at 08:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,860 sqft
  • Baths : 3 full , 1 half
Listing Agent

Monument Realty

Listing Agent's Description

**MULTIPLE OFFERS - Best & Final Due Sunday, Mar 7th, by 12PM** Welcome home to this West Frisco beauty! Endless entertaining possibilities with this open concept home on oversized lot! Backyard features sparkling pool & hot tub, impressive covered patio & outdoor kitchen with plenty of grass for play; no backyard neighbors! Statement entry features stacked formals that lead to charming living with tall ceilings and a wall of windows overlooking backyard oasis! Upgraded kitchen features granite counters, SS appliances, gas c-top with pot-filler, pull-out spice rack & updated dishwasher (2018). Master retreat & Study also downstairs; Upstairs: 4 LARGE BRs, 2BA, Game & Media rooms! Exemplary Frisco ISD schools!

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$1,910
Property Tax -$968
Property Insurance -$250
HOA -$50
Property Management Fees -$99
CASH FLOW
$152

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.

$550,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.62%

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$30k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$36,864

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,175

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,3004$3,4305$3,800
$3,800
RENT COMPS ANALYSIS
  • 3768 Caruth Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,860 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,860 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $0.89
    •  
  • 3322 Woodbine Trail Frisco, TX 1
    • 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 2011 4 beds 4 baths ∙ 4,000 Sqft ∙ Built 2011
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.75
    •  
  • 3518 Bellaire Court Frisco, TX 2
    • 5 beds 4 baths ∙ 3,893 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,893 Sqft ∙ Built 2012
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 7565 Hidden Cove Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 4,024 Sqft ∙ Built 2010 4 beds 4 baths ∙ 4,024 Sqft ∙ Built 2010
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.82
    •  
  • 8418 Dupont Street Frisco, TX 5
    • 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 2016 4 beds 5 baths ∙ 4,008 Sqft ∙ Built 2016
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Stacey Reynolds
Monument Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523866
Last Updated: 03/06/2021
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