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4614 Blarney Stone Court Frisco, TX 75034

3 Beds 3 Baths 2,866 sqft Built 2002

$419,900

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $146.51
  • 4 Days on Market
  • MLS # : 14505948
  • Updated Date : 02/06/2021 at 20:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,866 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

There is NO DOUBT: THIS IS THE BEST HOUSE YOU WILL SEE IN WEST FRISCO! With over $50,000 in updates in just the last few years this charming MODERN FARMHOUSE is MOVE IN READY! Ideally located in a small, quiet neighborhood just steps from greenbelt + park and yet close to everything including THE STAR and Dallas North Tollway! Updates include extensive hardwood floors, plantation shutters, updated lighting; updated baths including a KNOCK OUT owner's bath with elegant free-standing tub, BIG marble shower and HUGE closets! Sunny island itchen with gas cooking is open to spacious Living Room with pretty fireplace, built-in cabinets+ tons of natural light! MULTIPLE OFFERS REC'D SUBMIT HIGHEST & BEST by 3 PM FEB 7!

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

Neighborhood: Heritage Green

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Heritage Green

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263485

* 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,458
Property Tax -$739
Property Insurance -$193
HOA -$67
Property Management Fees -$99
CASH FLOW
$104

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.

$419,900

PROJECTED PRICE

$2,660

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,751

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6503$2,6604$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 4614 Blarney Stone Court Frisco, TX 3
    • 3 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.93
    •  
  • 3977 Ballymena Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2003
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 4166 Constitution Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2000
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.98
    •  
  • 3370 Nation Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 2004
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 4830 Corinthian Bay Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2002
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jennifer Daniel
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505948
Last Updated: 02/06/2021
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