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

6381 Aldridge Drive Frisco, TX 75035

4 Beds 3 Baths 2,709 sqft Built 2003

$400,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $147.66
  • 2 Days on Market
  • MLS # : 14503322
  • Updated Date : 01/23/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,709 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Indulge in the comfort and convenience this beautiful home has to offer! Located in the highly sought after Hunters Creek with fantastic amenities and acclaimed Frisco schools. Check out the 3D tour to experience this wonderful floor plan! Hard to find primary bedroom upstairs and guest bedroom and full bath downstairs provides closeness with the family and flexibility of multi-generation living! Bright study with french door downstairs is the must have for working from home. Move in ready with freshly painted 1st floor and kitchen cabinets. Imagine relaxing in the privacy of 8 feet BoB fence and cedar covered patio! Other upgrades includes 2018 roof, '15 water heater '13 AC units. Hurry, this one won’t last!

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Hunters Creek

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
Bert And Eloise Isbell Elementary School Primary Regular 687 38 10
Billy Vandeventer Middle School Middle Unknown 1,034 69 NA
Liberty High School High Regular 2,039 137 9

Bert And Eloise Isbell Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 38
10
GreatSchools Rating

Billy Vandeventer Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 69
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$360,000$440,000$400,000

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 -$1,389
Property Tax -$793
Property Insurance -$184
HOA -$60
Property Management Fees -$99
CASH FLOW
-$25

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.

$400,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$14,847

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
  • $0.92

    LIST RENT PER SQFT
  • $2,763

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4903$2,5004$2,9505$2,950
$2,950
RENT COMPS ANALYSIS
  • 6381 Aldridge Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 15650 Brookwood Drive Frisco, TX 1
    • 3 beds 4 baths ∙ 2,514 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,514 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.95
    •  
  • 1429 Lampasas Drive Allen, TX 2
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.99
    •  
  • 7062 Brushy Creek Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 2,731 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,731 Sqft ∙ Built 2002
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.08
    •  
  • 6905 Royal View Drive Mckinney, TX 5
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 2019
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.06
    •  
PROPERTY LISTING DETAILS
Cecilia Mccormick
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503322
Last Updated: 01/23/2021
BESbswy