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4738 Glen Heather Drive 
Frisco, TX
75034
4 Beds 5 Baths 4,225 sqft
Built 2004
INVESTimate
$612,625
List Price
$168,096
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $145.00
- 1 Days on Market
- MLS # : 14382619
- Updated Date : 08/26/2020 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,225 sqft
- Baths : 4 full , 1 half
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
WOW! If you love to entertain indoors and outdoors, this is the place for you. Lovely Mediterranean home (4-4.5-3) with pool and travertine deck with outdoor kitchen, seating area and great pergola! Inside has soaring ceilings and beautiful details throughout. Wood floors in all bedrooms. Kitchen boasts double convection Ovens, Gas Cook top, deep pantry, granite 42in cabinets & bar. Game, Media & Family wired for sound. Do not miss this one. Guest suite on first floor is perfect for mother-in-law with full bathroom.
SEE MORE
- . 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: Estates on Legacy Drive
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates on Legacy Drive
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,630 |
| EXPENSES | Loan Payment | -$2,260 |
| Property Tax | -$1,078 | |
| Property Insurance | -$271 | |
| HOA | -$91 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$170
|
||
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.
$612,625
PROJECTED PRICE
$3,630
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$168,096
LOAN DETAILS
$2,260
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,156 |
| Loan Amount | $459,469 |
3.25
YEARS SAVED
$19,990
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,630
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$3,634
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4738 Glen Heather Drive Frisco, TX 4
- 4 beds 5 baths ∙ 4,225 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,225 Sqft ∙ Built 2004
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4019 Victory Drive Frisco, TX 1
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LEASED 04/30/19- Rent
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- $3,200
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- 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 2003
LEASED 05/05/20- Rent
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- $3,500
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- 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000
LEASED 05/29/20- Rent
- Rent Per SQFT
- $3,599
- $0.92
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4900 Mira Vista Drive Frisco, TX 5
- 4 beds 4 baths ∙ 4,351 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,351 Sqft ∙ Built 1999
LEASED 07/05/19- Rent
- Rent Per SQFT
- $3,750
- $0.86
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14382619
Last Updated: 08/26/2020
