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4133 Sechrist Drive Frisco, TX 75034

3 Beds 3 Baths 2,731 sqft Built 2018

$473,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $173.20
  • 3 Days on Market
  • MLS # : 14513390
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Beam Real Estate, Llc

Listing Agent's Description

The Albany's striking curb appeal and attention to detail both inside and out are sure to leave an impression. French doors lead into a beautiful front study just steps away from the spacious open-concept family room. The nearby kitchen has a convenient walk-in pantry and an island overlooking the dining room and family room. Upstairs, a game room separates two additional bedrooms from the enormous master suite. The master bath features his and her vanities and a private water closet. Albany's smart layout provides plenty of privacy without sacrificing space for entertaining.

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 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
 

$425,700$520,300$473,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$1,643
Property Tax -$833
Property Insurance -$185
HOA -$71
Property Management Fees -$99
CASH FLOW
$590

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.

$473,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.72%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,095

INVESTMENT

$131,095

Down Payment
$118,250
Rehab Estimate
$5,750
Closing Costs
$7,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,250
Loan Amount $354,750
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$77,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,420

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,072

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,1004$3,1455$3,420
$3,420
RENT COMPS ANALYSIS
  • 4133 Sechrist Drive Frisco, TX 5
    • 3 beds 3 baths ∙ 2,731 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,731 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,420
    • $1.25
    •  
  • 4106 Harvest Lane Frisco, TX 1
    • 3 beds 4 baths ∙ 2,623 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,623 Sqft ∙ Built 2015
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 4093 Curtiss Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 2,887 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,887 Sqft ∙ Built 2020
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
  • 4120 Curtiss Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 2,701 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,701 Sqft ∙ Built 2020
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.15
    •  
  • 4135 Wellesley Avenue Frisco, TX 4
    • 3 beds 4 baths ∙ 2,759 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,759 Sqft ∙ Built 2017
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,145
    • $1.14
    •  
PROPERTY LISTING DETAILS
Shibu James
Beam Real Estate, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513390
Last Updated: 02/05/2021
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