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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sterling Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,199
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,499 |
| Loan Amount | $247,496 |
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
-
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
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521186
Last Updated: 03/06/2021
