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4751 White Bluff Drive Frisco, TX 75034

4 Beds 4 Baths 3,872 sqft Built 1998

INVESTimate

$729,000

List Price

$4,200

$3,950 - $4,450

Rent Est.

$753,932  ( +3.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $188.27
  • 5 Days on Market
  • MLS # : 14417413
  • Updated Date : 08/25/2020 at 19:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,872 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opportune Realty

Listing Agent's Description

Stunning Steve Roberts Custom Home in the Prestigious gated & guarded community of Starwood. Open-concept home offers exquisite details throughout. The grand living area features a beautiful fireplace and opens up to the gourmet kitchen with oversized island, commercial grade eventhood, top-of-the-line appliances, Subzero refrigerator; granite countertop, and walk-in pantry. Oversized master bedroom with a bay window & huge closet. Finishes include new hand-scrapped hardwood floors and stairway, custom cabinetry, faux finish walls, LED lights throughout, Ecobee HVAC & Rachio sprinkler system controllers. A ton of natural lights with a view of the creek; stone deck backyard with gas fire pit.

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: Starwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $123k869k

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

Neighborhood: Starwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264765

* 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
Otis Spears Elementary School Primary Regular 764 43 8
Lamar And Norma Hunt Middle School Middle Regular 785 54 NA
Frisco High School High Regular 2,136 146 8

Otis Spears Elementary School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 43
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
 

$656,100$801,900$729,000

PURCHASE PRICE

$3,780$4,620$4,200

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,200
EXPENSES Loan Payment -$2,690
Property Tax -$1,445
Property Insurance -$251
HOA -$249
Property Management Fees -$99
CASH FLOW
-$534

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.

$729,000

PROJECTED PRICE

$4,200

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,200

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $4,433

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$3,800
1$3,8002$4,0003$4,2004$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 4751 White Bluff Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,872 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,872 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.08
    •  
  • 6060 Van Horn Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 3,720 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,720 Sqft ∙ Built 2000
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.02
    •  
  • 41 Pristine Pond Drive Frisco, TX 2
    • 3 beds 3 baths ∙ 3,745 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,745 Sqft ∙ Built 2005
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.07
    •  
  • 5301 Quail Run Frisco, TX 4
    • 4 beds 5 baths ∙ 3,818 Sqft ∙ Built 1997 4 beds 5 baths ∙ 3,818 Sqft ∙ Built 1997
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.26
    •  
  • 5765 Red Hill Lane Frisco, TX 5
    • 4 beds 5 baths ∙ 3,989 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,989 Sqft ∙ Built 1999
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Ari Besefki
Opportune Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417413
Last Updated: 08/25/2020
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