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4665 Chandler Drive Frisco, TX 75034

3 Beds 3 Baths 1,865 sqft Built 2004

$339,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $182.25
  • 4 Days on Market
  • MLS # : 14507679
  • Updated Date : 02/06/2021 at 07:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Multiple offers received, sellers request best and final offers submitted by Sunday at 3pm. Move-in ready home in popular Stewart Creek Estates! Two story entry and dining room leads to family room with fireplace and windows overlooking backyard. Open family room to kitchen with SS appliances, gas cook top, island, breakfast bar, and walk in pantry. Elegant owner's retreat with plantation shutters and bath with dual sinks, separate shower and garden tub. Upstairs are large guest bedrooms with walk in closets and bath with dual vanities. Lovely patio off the kitchen with attractive landscaping for backyard entertaining. Great location near shopping and around the corner is Stewart Creek Park walking trails!

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: Stewart Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Stewart Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* 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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,181
Property Tax -$598
Property Insurance -$135
HOA -$30
Property Management Fees -$99
CASH FLOW
-$43

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.

$339,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,000

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0004$2,1005$2,180
$2,180
RENT COMPS ANALYSIS
  • 4665 Chandler Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 3934 Guadalupe Lane Frisco, TX 1
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2001
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
  • 3553 Navarro Way Frisco, TX 2
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2004
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 4671 Rock Creek Lane Frisco, TX 4
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2002
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 4163 Republic Drive Frisco, TX 5
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laura Cavalle Beck
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507679
Last Updated: 02/06/2021
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