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5631 Mallard Trace Frisco, TX 75034

4 Beds 5 Baths 3,834 sqft Built 1998

INVESTimate

$710,000

List Price

$4,290

$4,040 - $4,540

Rent Est.

$734,282  ( +3.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $185.19
  • 8 Days on Market
  • MLS # : 14412021
  • Updated Date : 08/20/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,834 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Welcome to this beautiful Huntington home in guarded gated Starwood! Visitors experience a private study and full bath off the foyer with gorgeous formal living and dining. Beautiful hand-scraped hardwoods carry from front door to the vaulted family room overlooking the custom backyard. The updated kitchen is complete with oversized center island, large pantry and sink with a view. The downstairs master suite has backyard access to the patio, pool, spa and sitting areas. Master bath is updated w granite counters and a large master closet. Upstairs is complete with oversized game room, 3 bedrooms and 2 full baths. Numerous updates including 2 AC units replaced 6-2019, fence 7-2020, exterior paint 8-2020.

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: Starwood

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800kPrice in $123k869k

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

Neighborhood: Starwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264765

* 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
 

$639,000$781,000$710,000

PURCHASE PRICE

$3,861$4,719$4,290

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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 $4,290
EXPENSES Loan Payment -$2,620
Property Tax -$1,407
Property Insurance -$249
HOA -$250
Property Management Fees -$99
CASH FLOW
-$334

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.

$710,000

PROJECTED PRICE

$4,290

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,290

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $4,677

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$4,290
1$4,2902$4,5003$4,8004$4,8005$4,900
$4,900
RENT COMPS ANALYSIS
  • 5631 Mallard Trace Frisco, TX 1
    • 4 beds 5 baths ∙ 3,834 Sqft ∙ Built 1998 4 beds 5 baths ∙ 3,834 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $4,290
    • $1.12
    •  
  • 5860 Red Hill Lane Frisco, TX 2
    • 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 1999
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.24
    •  
  • 4656 Driftwood Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 4,161 Sqft ∙ Built 1997 4 beds 4 baths ∙ 4,161 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.15
    •  
  • 5301 Quail Run Frisco, TX 4
    • 4 beds 5 baths ∙ 3,818 Sqft ∙ Built 1997 4 beds 5 baths ∙ 3,818 Sqft ∙ Built 1997
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.26
    •  
  • 5765 Red Hill Lane Frisco, TX 5
    • 4 beds 5 baths ∙ 3,989 Sqft ∙ Built 1999 4 beds 5 baths ∙ 3,989 Sqft ∙ Built 1999
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sharon Naukam
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14412021
Last Updated: 08/20/2020
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