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6512 Clydesdale Court Frisco, TX 75034

3 Beds 2 Baths 2,157 sqft Built 2000

$329,995

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $152.99
  • 2 Days on Market
  • MLS # : 14521186
  • Updated Date : 03/06/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,157 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

OPEN HOUSE SUNDAY 12-4 p.m. Incredible *West Frisco* location minutes from DNT, The Star and Toyota Stadium. Single story beauty located in a cul de sac. 3 bd, 2 bath floorplan features stacked formals. 2 living rms, 2 dining rms. Gas fireplace with marble surround. Wood floors throughout main living areas, new carpet in bdrms 2021. Updated primary bath with dual sinks, frameless glass shower surround & garden tub. Secondary bath updates include subway tile and vanity. Granite countertops, gas range, SS microwave and dishwasher. Built-ins include study area and window seats in dining and primary bedroom. Large back yard. Enjoy watching the stars while relaxing in the hot tub. Roof replaced Feb 2016.

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: Sterling Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Sterling Ranch

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
Ida Lee Bright Elementary School Primary Regular 551 37 3
Benton A. Staley Middle School Middle Regular 715 60 7
Frisco High School High Regular 2,136 146 8

Ida Lee Bright Elementary School

  • Education Level: Primary
  • # of students: 551
  • # of teachers: 37
3
GreatSchools Rating

Benton A. Staley Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 60
7
GreatSchools Rating

Frisco High School

  • Education Level: High
  • # of students: 2,136
  • # of teachers: 146
8
GreatSchools Rating
 

$296,996$362,995$329,995

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,146
Property Tax -$654
Property Insurance -$152
HOA -$29
Property Management Fees -$99
CASH FLOW
$80

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.

$329,995

PROJECTED PRICE

$2,160

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 8.1%
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$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$93,199

INVESTMENT

$93,199

Down Payment
$82,499
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,499
Loan Amount $247,496
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,168

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1604$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 6512 Clydesdale Court Frisco, TX 3
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.00
    •  
  • 6560 Clydesdale Court Frisco, TX 1
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 6585 Clydesdale Court Frisco, TX 2
    • 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 6533 Scottsdale Way Frisco, TX 4
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1999
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 5840 Arabian Way Frisco, TX 5
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.06
    •  
PROPERTY LISTING DETAILS
Frances Kwan
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521186
Last Updated: 03/06/2021
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