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5530 Wendover Drive Frisco, TX 75034

3 Beds 3 Baths 3,964 sqft Built 2006

$640,000

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $161.45
  • 4 Days on Market
  • MLS # : 14505645
  • Updated Date : 01/30/2021 at 07:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,964 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

Immaculate custom home, located in sought after gated community The Chase at Stonebriar. Easy access to 121 Tollroad. Convenient to shopping, restaurants and many many entertainment venues.Grand entry leads to office, dining room and spacious living area. Chef's kitchen has built in refrigerator, granite counter tops and gas cook top. Master bath has been completely updated. Upstairs has living space and 2 bedrooms. The media room is amazing, with stadium seating. 140 square foot, air conditioned storage, craft room behind media is not included in square footage. Media equipment and chairs stay with the home. Covered patio backs to the greenbelt.

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: The Chase at Stonebriar

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Chase at Stonebriar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263665

* 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
 

$576,000$704,000$640,000

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$2,223
Property Tax -$1,269
Property Insurance -$256
HOA -$127
Property Management Fees -$99
CASH FLOW
-$144

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.

$640,000

PROJECTED PRICE

$3,830

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.5%
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$500k$1.0M$1.5M$2.0M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$16,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,875

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$3,599
1$3,5992$3,6003$3,8004$3,8305$4,250
$4,250
RENT COMPS ANALYSIS
  • 5530 Wendover Drive Frisco, TX 4
    • 3 beds 3 baths ∙ 3,964 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,964 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $0.97
    •  
  • 4871 Voyager Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,599
    • $0.92
    •  
  • 5447 Wendover Drive Frisco, TX 2
    • 3 beds 4 baths ∙ 3,843 Sqft ∙ Built 2002 3 beds 4 baths ∙ 3,843 Sqft ∙ Built 2002
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.94
    •  
  • 5619 Miramar Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 3,740 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,740 Sqft ∙ Built 2000
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.02
    •  
  • 2309 Briar Court Frisco, TX 5
    • 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,125 Sqft ∙ Built 2001
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.03
    •  
PROPERTY LISTING DETAILS
Richard Kelley
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505645
Last Updated: 01/30/2021
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