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4290 Fisher Road Prosper, TX 75078

4 Beds 5 Baths 3,868 sqft Built 2012

$629,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $162.62
  • 3 Days on Market
  • MLS # : 14479104
  • Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,868 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This meticulously maintained Darling home showcases a fabulous floor plan with exquisite attention to detail throughout! Enjoy hand-scraped hardwoods, plantation shutters, upgraded light fixtures and more! The kitchen boasts a beautiful custom wood hood, ss GE appliances and a breakfast nook with built-ins! The spacious family room anchored by a cozy fireplace is the perfect space for entertaining! Your master suite is sure to impress with dual vanities, soaking tub, separate shower and a large walk-in closet! A game room and a fully equipped media room upstairs completes the package! Relax outdoors and enjoy the stunning backyard oasis featuring a saltwater pool, covered patio and an outdoor grilling area!

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Cynthia A. Cockrell Elementary School Primary Regular 778 54 10
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Cynthia A. Cockrell Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 54
10
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,321
Property Tax -$1,229
Property Insurance -$251
HOA -$78
Property Management Fees -$99
CASH FLOW
-$637

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.

$629,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,352

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2253$3,3404$3,500
$3,500
RENT COMPS ANALYSIS
  • 4290 Fisher Road Prosper, TX 3
    • 4 beds 5 baths ∙ 3,868 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,868 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $0.86
    •  
  • 1700 Red Rose Trail Celina, TX 1
    • 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.85
    •  
  • 4271 Mesa Drive Prosper, TX 2
    • 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.85
    •  
  • 280 Yosemite Drive Prosper, TX 4
    • 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Frankie Arthur
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479104
Last Updated: 12/04/2020
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