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5910 Lafayette Drive Frisco, TX 75035

4 Beds 3 Baths 2,892 sqft Built 1999

$439,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $151.80
  • 3 Days on Market
  • MLS # : 14499381
  • Updated Date : 01/15/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,892 sqft
  • Baths : 2 full , 1 half
Listing Agent

Decorative Real Estate

Listing Agent's Description

Gorgeous move in ready home that is completely updated, with new flooring, counter tops, lightening, cabinets, bathrooms, fireplace and much more. Situated in a well establish neighborhood and walking distance to white rock creek, plantation golf club, the pool, and tennis courts which are great for family time. With 4 beds 2.1 baths, you have the master downstairs, a separate private office space, an open living to dining & kitchen, 3 great sized rooms upstairs, a game room and a beautiful backyard with just the right amount of trees and a great view of the golf course. Prefect place to sit back and relax.

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: Lakeside at Frisco Bridges East

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Lakeside at Frisco Bridges East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262614

* 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
Claude Curtsinger Elementary School Primary Regular 624 39 10
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Claude Curtsinger Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 39
10
GreatSchools Rating

Cal And Walt Wester Middle School

  • Education Level: Middle
  • # of students: 878
  • # of teachers: 69
9
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,525
Property Tax -$870
Property Insurance -$194
HOA -$20
Property Management Fees -$99
CASH FLOW
-$368

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.

$439,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3403$2,3504$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 5910 Lafayette Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.81
    •  
  • 11317 Jereme Frisco, TX 1
    • 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,887 Sqft ∙ Built 1992
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.78
    •  
  • 12205 Chattanooga Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 2,734 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,734 Sqft ∙ Built 1996
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 5530 Greensboro Drive Frisco, TX 4
    • 5 beds 4 baths ∙ 3,068 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,068 Sqft ∙ Built 2003
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
  • 5507 Norfolk Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 2,901 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,901 Sqft ∙ Built 2002
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.84
    •  
PROPERTY LISTING DETAILS
Olivia Izaguirre
Decorative Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499381
Last Updated: 01/15/2021
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