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5668 Bay Meadows Drive Frisco, TX 75034

4 Beds 4 Baths 3,128 sqft Built 2002

$469,990

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $150.25
  • 3 Days on Market
  • MLS # : 14461845
  • Updated Date : 11/07/2020 at 19:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,128 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Your own private staycation hideaway. Relax and enjoy your saltwater pool, pergola and fire pit. Incredible opportunity to own a one owner, 1.5 story, 4 bd, 3.1 bath home on an oversized pie shaped lot. ALL BEDROOMS DOWNSTAIRS! Light and bright open concept floorplan featuring soaring ceilings, stone surround fireplace, built-ins throughout. Updates include paint & trim, kitchen cabinets with granite countertops, travertine backsplash, SS appliances and gas range. Immerse yourself completely in the home theater experience with bass shaker technology. Rear entry 2 car garage. New upstairs AC 2019. New roof 2017. Coveted FRISCO ISD *Bledsoe*Pearson*Reedy*

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: Quail Meadow Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Quail Meadow 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
Calvin Bledsoe Elementary School Primary Regular 697 42 10
Pearson Middle School Middle Regular NA
Rick Reedy High School High Regular NA

Calvin Bledsoe Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 42
10
GreatSchools Rating

Pearson Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Rick Reedy High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$422,991$516,989$469,990

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,734
Property Tax -$827
Property Insurance -$208
HOA -$95
Property Management Fees -$99
CASH FLOW
-$233

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.

$469,990

PROJECTED PRICE

$2,730

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,297

INVESTMENT

$130,297

Down Payment
$117,498
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,498
Loan Amount $352,493
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,542

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5503$2,6004$2,6005$2,730
$2,730
RENT COMPS ANALYSIS
  • 5668 Bay Meadows Drive Frisco, TX 5
    • 3 beds 3 baths ∙ 3,128 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,128 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.87
    •  
  • 2294 Fox Crossing Lane Frisco, TX 1
    • 3 beds 3 baths ∙ 3,041 Sqft ∙ Built 2003 3 beds 3 baths ∙ 3,041 Sqft ∙ Built 2003
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 5818 Country View Lane Frisco, TX 2
    • 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2008
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.78
    •  
  • 2769 Ridge View Road Frisco, TX 3
    • 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.86
    •  
  • 2709 Breezy Point Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,052 Sqft ∙ Built 2003
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Frances Kwan
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461845
Last Updated: 11/07/2020
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