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3815 Killian Frisco, TX 75034

3 Beds 3 Baths 3,184 sqft Built 2017

$649,900

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $204.11
  • 4 Days on Market
  • MLS # : 14497911
  • Updated Date : 01/22/2021 at 09:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,184 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Oversized Corner Lot sits this Full of Upgrades Cambridge Home, IvyGlen Floorplan with European Romantic Elevation. Chefs delight kit with commercial grade gas cooktop, double ovens, warmer drawer, microwave, granite c-tops, subway tile backsplash with custom design , large island, WIP & vaulted ceiling with skylight! Owners suite: custom bathrm cabinetry, walk in shower & large WIC with custom cabinet designed. Office with its rich wood beams & view of the greenbelt! Upstairs game room, 2 generous size bdrms with WIC & full bath. Multiple outdoors living spaces from front porch, to large bckyrd with covered patio & separate side yard! Garage oversized, extra-long along, & epoxy flrs plus private driveway.

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: 75034

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k469k

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

Zip Code: 75034

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263301

* 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 Regular 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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,257
Property Tax -$1,144
Property Insurance -$211
HOA -$144
Property Management Fees -$99
CASH FLOW
-$616

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.

$649,900

PROJECTED PRICE

$3,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,882

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7953$2,7954$2,9505$3,240
$3,240
RENT COMPS ANALYSIS
  • 3815 Killian Frisco, TX 5
    • 3 beds 3 baths ∙ 3,184 Sqft ∙ Built 2017 3 beds 3 baths ∙ 3,184 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.02
    •  
  • 1813 Angel Falls Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 2000
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 3102 Clearfork Trail Frisco, TX 2
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 2008
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.88
    •  
  • 4121 Sechrist Drive Frisco, TX 3
    • 3 beds 4 baths ∙ 2,959 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,959 Sqft ∙ Built 2018
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.94
    •  
  • 7925 Cobalt Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2011
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kimberly Woodard
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497911
Last Updated: 01/22/2021
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