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655 Burr Oak Drive 
Frisco, TX
75033
6 Beds 4 Baths 4,042 sqft
Built 2011
INVESTimate
$515,000
List Price
$142,225
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PROPERTY INFO
FACTS
- Built In 2011
- Price/Sqft : $127.41
- 3 Days on Market
- MLS # : 14400558
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 6
- Floor Size : 4,042 sqft
- Baths : 4 full
Listing Agent
Vivo Realty
Listing Agent's Description
Enjoy spacious living with a beautiful backyard water view! Charming curb appeal features well maintained landscaping and an entrance that meets you with tall ceilings, curved staircase, hardwood floors, and fresh paint throughout. Private study, formal dining, and an additional room that can be used as a secondary study or bedroom. Master suite includes garden tub, separate shower, large closet with built in organization system, and private door that leads to back patio. Great for entertaining with an open concept and kitchen with SS appliances, granite countertops, walk in pantry. Upstairs includes 4 bed, 2 bath, media, game room, and all new carpet. Frisco ISD. Community pool, parks, and playgrounds.
SEE MORE
- . 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: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grayhawk
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,900 |
| Property Tax | -$906 | |
| Property Insurance | -$261 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$496
|
||
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.
$515,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$142,225
LOAN DETAILS
$1,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
0.67
YEARS SAVED
$1,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$2,809
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
655 Burr Oak Drive Frisco, TX 2
- 6 beds 4 baths ∙ 4,042 Sqft ∙ Built 2011 6 beds 4 baths ∙ 4,042 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,670
- $0.66
-
1287 Polo Heights Drive Frisco, TX 1
- 5 beds 4 baths ∙ 3,737 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,737 Sqft ∙ Built 2015
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,650
- $0.71
-
2556 Valley Glen Drive Little Elm, TX 3
- 5 beds 5 baths ∙ 3,995 Sqft ∙ Built 2014 5 beds 5 baths ∙ 3,995 Sqft ∙ Built 2014
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,695
- $0.67
-
13233 Bugatti Drive Frisco, TX 4
- 6 beds 4 baths ∙ 4,072 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,072 Sqft ∙ Built 2003
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,795
- $0.69
-
2560 Valley Glen Drive Little Elm, TX 5
- 5 beds 5 baths ∙ 4,020 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,020 Sqft ∙ Built 2015
LEASED 08/08/19- Rent
- Rent Per SQFT
- $2,850
- $0.71
PROPERTY LISTING DETAILS
Vivo Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14400558
Last Updated: 08/25/2020
