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6699 Wild Creek Drive Frisco, TX 75035

5 Beds 5 Baths 4,272 sqft Built 2002

$619,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $144.90
  • 3 Days on Market
  • MLS # : 14468554
  • Updated Date : 11/14/2020 at 01:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,272 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Stunning 1 owner Highland home on corner lot in highly sought after HUNTERS CREEK! Beautiful hand-scraped hardwoods welcome you in leading to wall of windows looking out to gorgeous pool & spa w waterfalls. Open concept kitchen w gas range, breakfast nook. Split formals, walk in wet bar. Spacious master suite w sitting area. 2nd bedroom downstairs used as an office. Upstairs game, media, 3 good-sized bedrooms one w en-suite bath. Jack-Jill bath has dual vanities. Enjoy the back outdoor living area w elevated view of greenbelt. Custom pool with plenty of extra yard space. Rock retaining wall with iron fence and rock pillars. Short walk to splash pool, lazy river, creek and walking trail. Highly rated Frisco ISD

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Hunters Creek

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
Bert And Eloise Isbell Elementary School Primary Regular 687 38 10
Billy Vandeventer Middle School Middle Unknown 1,034 69 NA
Liberty High School High Regular 2,039 137 9

Bert And Eloise Isbell Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 38
10
GreatSchools Rating

Billy Vandeventer Middle School

  • Education Level: Middle
  • # of students: 1,034
  • # of teachers: 69
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,039
  • # of teachers: 137
9
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$2,284
Property Tax -$1,227
Property Insurance -$274
HOA -$60
Property Management Fees -$99
CASH FLOW
-$614

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.

$619,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,330

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,140

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,895
1$2,8952$3,0003$3,2954$3,3305$3,400
$3,400
RENT COMPS ANALYSIS
  • 6699 Wild Creek Drive Frisco, TX 4
    • 5 beds 5 baths ∙ 4,272 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,272 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,330
    • $0.78
    •  
  • 15174 Woodbluff Drive Frisco, TX 1
    • 6 beds 4 baths ∙ 4,170 Sqft ∙ Built 2003 6 beds 4 baths ∙ 4,170 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.69
    •  
  • 6744 Branch Trail Frisco, TX 2
    • 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,087 Sqft ∙ Built 2001
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.73
    •  
  • 15204 Mountain Creek Trail Frisco, TX 3
    • 5 beds 4 baths ∙ 4,484 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,484 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.73
    •  
  • 7405 Longmont Court Frisco, TX 5
    • 5 beds 6 baths ∙ 4,329 Sqft ∙ Built 2015 5 beds 6 baths ∙ 4,329 Sqft ∙ Built 2015
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.79
    •  
PROPERTY LISTING DETAILS
Susie Grant
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 #: 14468554
Last Updated: 11/14/2020
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