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4152 Sardinia Way Frisco, TX 75034

4 Beds 4 Baths 3,858 sqft Built 2013

$650,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $168.48
  • 3 Days on Market
  • MLS # : 14481131
  • Updated Date : 12/04/2020 at 07:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,858 sqft
  • Baths : 3 full , 1 half
Listing Agent

Aesthetic Realty, Llc

Listing Agent's Description

Beautiful home in the gated Lakes on Legacy community. Prime location between Hwy 121 and DNT and minutes from The Star, dining and shopping. First floor is an open floor plan with gorgeous hand scraped hardwood floors throughout. Study with glass french doors and formal dining. Kitchen opens to family room with built in cabinets and stone fireplace. Private master bedroom-bath leads to oversized master closet with custom storage and access to laundry room. Upstairs find 3 bedrooms, game room and gorgeous media room with mounted screen. Garage has great storage built in and upgraded epoxy floors.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: The Lakes on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Lakes on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263428

* 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
Hicks Elementary School Primary Regular 615 43 9
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Hicks Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 43
9
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,398
Property Tax -$1,144
Property Insurance -$250
HOA -$166
Property Management Fees -$99
CASH FLOW
-$858

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.

$650,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$145

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,221

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$2,9953$3,2004$3,3005$3,599
$3,599
RENT COMPS ANALYSIS
  • 4152 Sardinia Way Frisco, TX 3
    • 4 beds 4 baths ∙ 3,858 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,858 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.83
    •  
  • 4817 Glen Heather Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,747 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,747 Sqft ∙ Built 2005
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.80
    •  
  • 3154 Impala Trail Frisco, TX 2
    • 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 2014
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.78
    •  
  • 3166 Oryx Trail Frisco, TX 4
    • 5 beds 5 baths ∙ 3,932 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,932 Sqft ∙ Built 2016
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.84
    •  
  • 4871 Voyager Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,599
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jaykishan Patel
Aesthetic Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481131
Last Updated: 12/04/2020
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