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5068 Thackery Drive Frisco, TX 75034

4 Beds 4 Baths 4,036 sqft Built 2003

INVESTimate

$650,000

List Price

$3,850

$3,600 - $4,100

Rent Est.

$680,745  ( +4.73%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $161.05
  • 9 Days on Market
  • MLS # : 14414837
  • Updated Date : 08/19/2020 at 15:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,036 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Beautiful and well-kept Custom Sotherby in Sought After Estates on Legacy. It has 4 Bedrooms 4 Baths and an office that can be 5th Bedroom plus formal living & dining, media & game room and 3 car garages! Custom C shape floor-plan offers an elegant yet relaxed feel. New designer paint, new carpet, new fence, new roof and gutter, new retractable oven exhaust vent and new 5 ton AC and new hand scraped hard wood floor in the living room. New customized wood plantation shutter and a list of upgrades and updates offered in supplements. Built In Refrigerator Included! Beautiful custom pool and grassy area for pets and play. Trampoline in the backyard stays. It is a MUST SEE HOUSE.

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: Estates on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k595k

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

Neighborhood: Estates on Legacy Drive

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263584

* 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,465$4,235$3,850

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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 $3,850
EXPENSES Loan Payment -$2,398
Property Tax -$1,144
Property Insurance -$260
HOA -$75
Property Management Fees -$99
CASH FLOW
-$127

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.

$650,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$25,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,925

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5993$3,8504$4,0005$4,400
$4,400
RENT COMPS ANALYSIS
  • 5068 Thackery Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 4,036 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,036 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.95
    •  
  • 4693 Glen Heather Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,092 Sqft ∙ Built 2003
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
  • 4871 Voyager Drive Frisco, TX 2
    • 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
    •  
  • 4553 Florence Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,845 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,845 Sqft ∙ Built 2007
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.04
    •  
  • 5431 Widgeon Way Frisco, TX 5
    • 4 beds 4 baths ∙ 4,126 Sqft ∙ Built 1997 4 beds 4 baths ∙ 4,126 Sqft ∙ Built 1997
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.07
    •  
PROPERTY LISTING DETAILS
Sam Duraini
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414837
Last Updated: 08/19/2020
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