Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5121 Mohawk Drive Frisco, TX 75034

4 Beds 4 Baths 4,037 sqft Built 2002

$629,900

List Price

$3,720

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $156.03
  • 1 Days on Market
  • MLS # : 14480910
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,037 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Custom David Weekley home on an oversized .3 acre lot with salt water pool, raised spa, covered patio with built-in grill & frig, and plenty of green space to play and entertain! Stone and brick facade plus mature landscaping create incredible curb appeal! Soaring entry opens to warm hardwoods, beautiful staircase, dining room, study, & living rm wi gas fireplace. Private downstairs owners' suite with views of gorgeous backyard. Secondary bedrooms, media room and game room upstairs. Features include plantation shutters, granite counters, & stainless steel appliances. 2018 Roof. 2016 updates include tankless water heater, carpet, bathroom tile, & interior paint. Walking distance to LCA & Allen Elementary.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$566,910$692,890$629,900

PURCHASE PRICE

$3,348$4,092$3,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,720
EXPENSES Loan Payment -$2,324
Property Tax -$1,109
Property Insurance -$260
HOA -$47
Property Management Fees -$99
CASH FLOW
-$119

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.

$629,900

PROJECTED PRICE

$3,720

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$25,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,720

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $3,966

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7203$3,9504$4,0005$4,300
$4,300
RENT COMPS ANALYSIS
  • 5121 Mohawk Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 4,037 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,037 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,720
    • $0.92
    •  
  • 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
    •  
  • 5095 Stillwater Trail Frisco, TX 3
    • 5 beds 4 baths ∙ 4,206 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,206 Sqft ∙ Built 2001
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.94
    •  
  • 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
    •  
  • 6008 Hackberry Court Frisco, TX 5
    • 4 beds 5 baths ∙ 3,946 Sqft ∙ Built 1996 4 beds 5 baths ∙ 3,946 Sqft ∙ Built 1996
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.09
    •  
PROPERTY LISTING DETAILS
Jd Tomlin
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480910
Last Updated: 12/05/2020
BESbswy