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6389 Culverdale Lane Frisco, TX 75034

4 Beds 4 Baths 3,642 sqft Built 2021

$674,900

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $185.31
  • 6 Days on Market
  • MLS # : 14516287
  • Updated Date : 02/10/2021 at 08:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,642 sqft
  • Baths : 4 full
Listing Agent

Homesusa.com

Listing Agent's Description

The Monet 4-bedroom home design includes a home office on the main floor, and a media room and game room upstairs. This contemporary home includes extensive wood flooring, vaulted ceilings with cedar beam detail in both master and family, foam insulation, oversized garage, home automation, modern fireplace, & blinds throughout. Within the kitchen, you will find under cabinet lighting, double convention ovens, 36 gas cooktop, & much more! Enjoy a nice evening outside on the huge covered patio or stay in and watch a movie in the media room

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

Zip Code: 75034

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k469k

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

Zip Code: 75034

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263301

* 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
William And Abbie Allen Elementary School Primary Regular 614 39 8
Lamar And Norma Hunt Middle School Middle Regular 785 54 NA
Frisco High School High Regular 2,136 146 8

William And Abbie Allen Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 39
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
 

$607,410$742,390$674,900

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,344
Property Tax -$1,188
Property Insurance -$238
HOA -$112
Property Management Fees -$99
CASH FLOW
-$691

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$674,900

PROJECTED PRICE

$3,290

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,849

INVESTMENT

$180,849

Down Payment
$168,725
Rehab Estimate
$2,000
Closing Costs
$10,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,344

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,725
Loan Amount $506,175
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,314

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2904$3,3005$3,600
$3,600
RENT COMPS ANALYSIS
  • 6389 Culverdale Lane Frisco, TX 3
    • 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $0.90
    •  
  • 2816 Forest Manor Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,587 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,587 Sqft ∙ Built 2003
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.86
    •  
  • 6828 Rambling Trail Frisco, TX 2
    • 5 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
  • 2671 Forest Breeze Drive Frisco, TX 4
    • 5 beds 5 baths ∙ 3,808 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,808 Sqft ∙ Built 2014
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 6110 Culverdale Lane Frisco, TX 5
    • 4 beds 5 baths ∙ 3,478 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,478 Sqft ∙ Built 2018
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516287
Last Updated: 02/10/2021
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