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4917 Plantation Lane Frisco, TX 75035

4 Beds 4 Baths 3,870 sqft Built 1997

$499,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $128.94
  • 2 Days on Market
  • MLS # : 14477975
  • Updated Date : 11/28/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,870 sqft
  • Baths : 3 full , 1 half
Listing Agent

Joe Atkins Realty

Listing Agent's Description

Stunning French-Traditional retreat right on Plantation Golf Club's 9th fairway. Hand-scraped oak flooring greets you from the captivating entry. The home is accented with art niches and charming built-ins throughout. You will love the spacious kitchen and open floor design. The master bedroom suite has been updated with a new shower in fall 2020. The same can be said for the rest of this deluxe Frisco ISD haven. The list of 2020 updates is extensive and includes appliances, granite countertops and backsplash in the kitchen; brand new AC units; brand new commodes, brand new blinds, vanity lighting and plumbing fixtures throughout, plush new carpet, newly painted walls and cabinetry, plus refinished hardwoods.

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: Plantation Resort

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Plantation Resort

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
Claude Curtsinger Elementary School Primary Regular 624 39 10
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Claude Curtsinger Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
10
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,841
Property Tax -$989
Property Insurance -$251
Property Management Fees -$99
CASH FLOW
-$540

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.

$499,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.0%
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

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $3,028

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,8003$2,9004$3,0005$3,150
$3,150
RENT COMPS ANALYSIS
  • 4917 Plantation Lane Frisco, TX 1
    • 4 beds 4 baths ∙ 3,870 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,870 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.68
    •  
  • 5511 Norfolk Lane Frisco, TX 2
    • 5 beds 3 baths ∙ 3,610 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,610 Sqft ∙ Built 2001
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 11312 Alexandria Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 1993
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.70
    •  
  • 4112 Waskom Drive Plano, TX 4
    • 5 beds 5 baths ∙ 3,664 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,664 Sqft ∙ Built 2005
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 13633 Marmolada Frisco, TX 5
    • 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 2016
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.83
    •  
PROPERTY LISTING DETAILS
Tommy Wooten
Joe Atkins Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477975
Last Updated: 11/28/2020
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