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5103 Iroquois Drive Frisco, TX 75034

4 Beds 4 Baths 3,698 sqft Built 2002

$565,700

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $152.97
  • 3 Days on Market
  • MLS # : 14484632
  • Updated Date : 12/11/2020 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,698 sqft
  • Baths : 3 full , 1 half
Listing Agent

Terrabrook Properties

Listing Agent's Description

Beautiful two-story 4 bedroom, 3.5 bath home with 3 car garage. Located in the heart of Frisco! Open floorplan with vaulted ceiling foyer. Large island kitchen with Corian countertops, kitchen opens to the family room with custom built-in cabinets. Hardwood flooring installed 2019 in family, living, kitchen, and dining. Spacious primary suite down with jetted tub, and separate shower. Study down, oversized game room, media room, coffee bar, and half bath upstairs. Custom covered back patio, gorgeous backyard with a pondless waterfall and built-in cabinet for TV (TV included), Full sprinkler system. Convenient location to shopping, dining, and schools. Walking distance to LCA and Allen Elementary! A MUST SEE!

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: Cheyenne Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Cheyenne Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
 

$509,130$622,270$565,700

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,087
Property Tax -$996
Property Insurance -$241
HOA -$47
Property Management Fees -$99
CASH FLOW
-$109

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.

$565,700

PROJECTED PRICE

$3,360

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,661

INVESTMENT

$155,661

Down Payment
$141,425
Rehab Estimate
$5,750
Closing Costs
$8,486

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,087

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,425
Loan Amount $424,275
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$22,601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,800

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,360
1$3,3602$3,3953$3,7004$3,7955$3,800
$3,800
RENT COMPS ANALYSIS
  • 5103 Iroquois Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,698 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.91
    •  
  • 4391 Argyle Frisco, TX 2
    • 4 beds 4 baths ∙ 3,637 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,637 Sqft ∙ Built 2015
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.93
    •  
  • 4669 Liam Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,647 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,647 Sqft ∙ Built 2002
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.01
    •  
  • 6060 Van Horn Lane Frisco, TX 4
    • 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,511 Sqft ∙ Built 2000
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $1.08
    •  
  • 5194 Mohawk Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2004
    property image
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Joe Mccain
Terrabrook Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484632
Last Updated: 12/11/2020
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