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4340 Autumn Sage Drive Prosper, TX 75078

5 Beds 6 Baths 4,200 sqft Built 2018

$650,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $154.76
  • 2 Days on Market
  • MLS # : 14469958
  • Updated Date : 11/15/2020 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,200 sqft
  • Baths : 5 full , 1 half
Listing Agent

C21 Fine Homes Judge Fite

Listing Agent's Description

Windsong Ranch; Master Planned Community in Prosper ISD. Darling Built Home, Oversized Corner Lot w-true-3-Car-Front-Entry-Garage. Upon Entry, Sweeping Wrought Iron Stairs Greets you w-hand-scraped wood-flooring & Formal Living-Dining. Bright & White Gourmet Kitchen w-Lg Island, Gas-cooktop, Dbl-Ovens, Sep-Coffee Bar w-Walk-in Pantry. Gas Log Fireplace located in Family Dining Area off the open family room w-beamed vault ceilings. 1st Floor Master as well as Guest suite. Upstairs, 3 guest bedrooms w- private baths & walk-in closets. Game & Media Rooms, Covered Back Patio. Amenities Galore, Events & Lifestyle Director on-site, 5 acre Crystal Lagoon, Tennis & Sports Courts, Workout, Pools, Ponds, Events and more.

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

Neighborhood: Windsong Ranch

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Neighborhood: Windsong Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263615

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

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

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

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$2,398
Property Tax -$1,238
Property Insurance -$270
HOA -$134
Property Management Fees -$99
CASH FLOW
-$969

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

$3,170

PROJECTED RENT

0.49%

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-$20k-$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$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 80% 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

0.08

YEARS SAVED

$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,170

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,392

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1703$3,2004$3,2505$3,500
$3,500
RENT COMPS ANALYSIS
  • 4340 Autumn Sage Drive Prosper, TX 2
    • 5 beds 5 baths ∙ 4,200 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,200 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $0.75
    •  
  • 118 Timber Creek Lane Frisco, TX 1
    • 5 beds 6 baths ∙ 3,900 Sqft ∙ Built 2018 5 beds 6 baths ∙ 3,900 Sqft ∙ Built 2018
    property image
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.76
    •  
  • 16105 Madison Square Way Prosper, TX 3
    • 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,128 Sqft ∙ Built 2017
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.78
    •  
  • 1709 Forest Park Drive Prosper, TX 4
    • 4 beds 4 baths ∙ 3,874 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,874 Sqft ∙ Built 2015
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.84
    •  
  • 4160 Brazoria Drive Prosper, TX 5
    • 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,124 Sqft ∙ Built 2017
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Terri Fox
C21 Fine Homes Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469958
Last Updated: 11/15/2020
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