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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $182.76
- 2 Days on Market
- MLS # : 14537047
- Updated Date : 03/20/2021 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,967 sqft
- Baths : 2 full , 1 half
Listing Agent
Robert Elliott And Associates
Listing Agent's Description
Immaculately maintained, one owner home built by Hawkins Welwood. Quality & style in gated, guarded Villages of Stonebriar Park. Spacious entry with classic travertine floors opening to large formal living & dining rooms with lots of natural light. Soaring vaulted ceilings, floor to ceiling fireplace, custom beams in family room open to expansive kitchen w built in Sub Zero refrigerator, Jenn Air gas stove top, walk in pantry & ample cabinet storage; spacious adjoining spacious breakfast area. Enclosed sunroom along back of home could be ideal office. Spacious primary bedroom with adjoining bath and large walkin closet. Upstairs are 2 guest rooms with jack and jack bath. Mature landscaping, covered breezeway.
SEE MORE
- 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: Villages of Stonebriar Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Stonebriar Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,980 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$1,489 | |
| Property Insurance | -$256 | |
| HOA | -$300 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$683
|
||
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.
$725,000
PROJECTED PRICE
$3,980
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.42
YEARS SAVED
$901
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,980
LIST RENT -
$1
LIST RENT PER SQFT
-
$4,027
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
5627 Miramar Drive Frisco, TX 4
- 3 beds 3 baths ∙ 3,967 Sqft ∙ Built 2000 3 beds 3 baths ∙ 3,967 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $3,980
- $1.00
-
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
-
5619 Miramar Drive Frisco, TX 2
- 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
-
5667 Miramar Drive Frisco, TX 3
- 3 beds 4 baths ∙ 3,627 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,627 Sqft ∙ Built 2000
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $3,950
- $1.09
-
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
Robert Elliott And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14537047
Last Updated: 03/20/2021
