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3957 Killian Court Frisco, TX 75034

3 Beds 3 Baths 3,187 sqft Built 2019

$589,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $184.81
  • 2 Days on Market
  • MLS # : 14499420
  • Updated Date : 01/16/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,187 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Built in 2019 by Cambridge Homes, located in highly sought after Canals at Grand Park. This stunning home features custom designer upgrades and thoughtfully designed with indoor and outdoor entertaining in mind. Master bedroom features spa-like bath with separate tub and shower with an oversized closet maximizing space and storage. Upstairs you will find the secondary bedrooms and large game room. Impressive Founders Hall features two resort style pools, fitness center, media and game rooms, multiple entertaining and play areas and outdoor kitchen. Close to popular shops and dining, minutes from DNT, The Star and award winning Frisco ISD schools. This one will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,046
Property Tax -$1,037
Property Insurance -$211
HOA -$187
Property Management Fees -$99
CASH FLOW
-$800

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.

$589,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

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

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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$33

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,821

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7803$2,7954$2,7955$2,950
$2,950
RENT COMPS ANALYSIS
  • 3957 Killian Court Frisco, TX 2
    • 3 beds 3 baths ∙ 3,187 Sqft ∙ Built 2019 3 beds 3 baths ∙ 3,187 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.87
    •  
  • 3733 Cherry Ridge Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.85
    •  
  • 3102 Clearfork Trail Frisco, TX 3
    • 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 4
    • 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 5
    • 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
Marjan Wolford
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499420
Last Updated: 01/16/2021
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