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6430 Riverside Drive Frisco, TX 75035

4 Beds 3 Baths 2,773 sqft Built 2000

$369,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $133.07
  • 4 Days on Market
  • MLS # : 14503032
  • Updated Date : 01/29/2021 at 16:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Amx Realty

Listing Agent's Description

MULTIPLE OFFERS, PLEASE PRESENT HIGHEST & BEST OFFERS BY 4PM ON JAN 31st.This beautiful house features master bedroom downstairs and three bedrooms upstairs with a gameroom. Lots of upgrades including condenser&Furnance upstairs 2017, HVAC downstairs 2020, new interior paint 2021, new laminate flooring 2021, new quartz counter top and backsplash 2021, roof 2016, water heater 2016. Great backyard -iron giving it an open yet private feel. Neighborhood pool & park within steps. Prime location close to shopping and activities. Won't Last Long!

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: The Lakes of Preston Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: The Lakes of Preston Vineyards

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
Shawnee Trail Elementary School Primary Regular 584 36 6
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Shawnee Trail Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 36
6
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,282
Property Tax -$731
Property Insurance -$187
HOA -$44
Property Management Fees -$99
CASH FLOW
-$94

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.

$369,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,679

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,426

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2503$2,3954$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 6430 Riverside Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 6315 Tara Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2002
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.81
    •  
  • 6458 Riverside Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2000
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.93
    •  
  • 11335 Blanchard Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1999
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 11537 Clover Knoll Drive Frisco, TX 5
    • 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,960 Sqft ∙ Built 2000
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
James Ju
Amx Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503032
Last Updated: 01/29/2021
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