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6508 Liberty Court Frisco, TX 75035

4 Beds 3 Baths 3,853 sqft Built 1999

$412,000

List Price

$2,810

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $106.93
  • 5 Days on Market
  • MLS # : 14533120
  • Updated Date : 03/17/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,853 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

This family home was bought from builder when new and seller raised his family there. Seller now is building a new home and is flexible on the possession date. This wide open floor plan has all bdrms up plus game room & office, giant master suite and two full baths. Downstairs has large kitchen with loads of cabinets, formal dining and living room and half bath. Updates include 2021: all interior painted, new HVAC condenser etc & new wiring for heat pump, freshly stained fence, fence new in 2016. 2019: new ceiling fans, staircase railings replaced, new roof; 2014 replaced downstairs flooring to include wood floors, most appliances replaced etc. Seller negotiable about replacing carpet upstairs prior to closing.

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: Plantation Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Plantation Estates

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
Bessie Gunstream Elementary School Primary Regular 698 42 8
Cal And Walt Wester Middle School Middle Regular 878 69 9
Centennial High School High Regular 2,065 138 9

Bessie Gunstream Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 42
8
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
 

$370,800$453,200$412,000

PURCHASE PRICE

$2,529$3,091$2,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,810
EXPENSES Loan Payment -$1,431
Property Tax -$817
Property Insurance -$250
HOA -$58
Property Management Fees -$99
CASH FLOW
$155

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.

$412,000

PROJECTED PRICE

$2,810

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.2%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,930

INVESTMENT

$114,930

Down Payment
$103,000
Rehab Estimate
$5,750
Closing Costs
$6,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,000
Loan Amount $309,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$29,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,810

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $3,179

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,810
1$2,8102$2,9003$3,0004$3,1505$3,200
$3,200
RENT COMPS ANALYSIS
  • 6508 Liberty Court Frisco, TX 1
    • 4 beds 3 baths ∙ 3,853 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,853 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,810
    • $0.73
    •  
  • 7590 Perry Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2014
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.75
    •  
  • 7577 Bellingrath Drive Frisco, TX 3
    • 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2015
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 13633 Marmolada Frisco, TX 4
    • 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,806 Sqft ∙ Built 2016
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.83
    •  
  • 12970 Sellaronda Way Frisco, TX 5
    • 4 beds 4 baths ∙ 3,685 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,685 Sqft ∙ Built 2016
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Marilyn Lair
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14533120
Last Updated: 03/17/2021
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