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5902 Country View Lane Frisco, TX 75036

3 Beds 3 Baths 2,768 sqft Built 2006

$382,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $138.33
  • 5 Days on Market
  • MLS # : 14490237
  • Updated Date : 12/23/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,768 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

GET READY TO CALL THIS GORGEOUS 3 BEDROOM, 2.5 BATHROOM HOME IN THE HEART OF FRISCO ALL YOURS! Beautiful two-story foyer with a winding staircase greets you upon entry. Spacious floorplan with tall ceilings & a beautiful color palette throughout. The living room features large windows that allow the natural light to cascade throughout the home. The kitchen offers lots of cabinetry, stainless steel appliances, granite countertops & an entry to the dining room for easy entertaining. A fantastic backyard with an extended patio to relax & grill. Just minutes from BF Phillips Park & Grand Park. Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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: Saddlebrook Village

No Data Available.

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

Neighborhood: Saddlebrook Village

No Data Available.

* 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
 

$344,610$421,190$382,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,413
Property Tax -$674
Property Insurance -$187
HOA -$95
Property Management Fees -$99
CASH FLOW
$33

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$382,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 2.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,219

INVESTMENT

$107,219

Down Payment
$95,725
Rehab Estimate
$5,750
Closing Costs
$5,744

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,725
Loan Amount $287,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,994

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,616

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5004$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 5902 Country View Frisco, TX 3
    • 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,768 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 2785 Greenway Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 2,612 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,612 Sqft ∙ Built 2003
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.96
    •  
  • 2266 Fox Crossing Lane Frisco, TX 2
    • 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,774 Sqft ∙ Built 2002
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 5968 Hidden Creek Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,024 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,024 Sqft ∙ Built 2003
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
  • 5869 Hidden Creek Lane Frisco, TX 5
    • 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2006
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.01
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
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 #: 14490237
Last Updated: 12/23/2020
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