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6913 Chateau Drive Frisco, TX 75035

4 Beds 2 Baths 2,070 sqft Built 1994

$335,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $161.84
  • 8 Days on Market
  • MLS # : 14513853
  • Updated Date : 02/09/2021 at 10:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,070 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Dallas Midtown

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Best and final by 9pm Sat Feb 13th. Tastefully updated in 2020, this bright, one-owner home is decorated in soft neutrals that enhance the open floor plan and architectural features. Wood like plank tile flooring throughout, recessed lighting, fixtures, ceiling fans. Kitchen has 42in cabinets, granite counters, glass tile backsplash, SS appliances, black granite sink. Huge primary bdrm is split for privacy; classic bath features and oversized shower. Family room is enhanced by fireplace with herringbone pattern tilework. BoB cedar fence with steel posts. Elem school and sports complex less than 1 blk; close to 121, DNT. Enjoy being close to amenities, shopping, entertainment. No HOA!

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: Preston Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Preston Vineyards

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
Shawnee Trail Elementary School Primary Regular 584 36 6
Adelle R. Clark Middle School Middle Regular 853 65 8
Lebanon Trail High School High Regular NA

Shawnee Trail Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 36
6
GreatSchools Rating

Adelle R. Clark Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 65
8
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,164
Property Tax -$664
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
-$93

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.

$335,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9804$2,0305$2,150
$2,150
RENT COMPS ANALYSIS
  • 6913 Chateau Drive Frisco, TX 3
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.96
    •  
  • 7017 Cinnabar Drive Frisco, TX 1
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 1995
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 7117 Cinnabar Drive Frisco, TX 2
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 10812 Reisling Drive Frisco, TX 4
    • 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,070 Sqft ∙ Built 1995
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.98
    •  
  • 6724 Canterbury Drive Frisco, TX 5
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1998
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
PROPERTY LISTING DETAILS
Patrice Deville
Keller Williams Dallas Midtown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513853
Last Updated: 02/09/2021
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