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4387 Leighton Lane Frisco, TX 75034

4 Beds 4 Baths 3,505 sqft Built 2015

$565,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $161.20
  • 2 Days on Market
  • MLS # : 14485593
  • Updated Date : 12/12/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,505 sqft
  • Baths : 3 full , 1 half
Listing Agent

Radiance Realty

Listing Agent's Description

An amazingly beautiful home, with a stunning stone elevation & a pretty drive up, in the heart of Frisco with Frisco ISD schools. Built on a Super sized lot with huge backyard, an immaculately maintained home in Kingswood Trails with easy access to DNT, TX 121, The Star and more! Community features include pool & playground. Super spacious eat in kitchen features granite countertops, large island with breakfast bar, SS appliances, gas range, butler's pantry & walk in pantry. 1st floor master suite boasts ensuite bath with dual sinks, garden tub, separate shower and walk in closet. Spacious study downstairs. Three (3) Secondary bedrooms upstairs along with large game cum media room space with in-wall wiring.

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
William And Abbie Allen Elementary School Primary Regular 614 39 8
Lamar And Norma Hunt Middle School Middle Regular 785 54 NA
Frisco High School High Regular 2,136 146 8

William And Abbie Allen Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 39
8
GreatSchools Rating

Lamar And Norma Hunt Middle School

  • Education Level: Middle
  • # of students: 785
  • # of teachers: 54
NA
GreatSchools Rating

Frisco High School

  • Education Level: High
  • # of students: 2,136
  • # of teachers: 146
8
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,085
Property Tax -$994
Property Insurance -$230
HOA -$60
Property Management Fees -$99
CASH FLOW
-$418

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.

$565,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.54%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,734

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,8004$2,9505$3,050
$3,050
RENT COMPS ANALYSIS
  • 4387 Leighton Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.87
    •  
  • 3523 Lincoln Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,362 Sqft ∙ Built 2002
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 3466 Washington Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,553 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,553 Sqft ∙ Built 2005
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.76
    •  
  • 3168 Impala Trail Frisco, TX 3
    • 4 beds 4 baths ∙ 3,480 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,480 Sqft ∙ Built 2018
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.80
    •  
  • 4205 Victory Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2000
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
Manish Bhardwaj
Radiance Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485593
Last Updated: 12/12/2020
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