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7209 Sonoma Valley Drive Frisco, TX 75035

3 Beds 2 Baths 2,222 sqft Built 1994

$313,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $140.86
  • 3 Days on Market
  • MLS # : 14470776
  • Updated Date : 11/15/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,222 sqft
  • Baths : 2 full
Listing Agent

The Tsan Group

Listing Agent's Description

Beautiful 3 bedrooms and 2 bathrooms open concept floor plan in sought after Preston Vineyards. This home features two living areas, updated kitchen with breakfast nook. Spacious master bedroom and bathroom with dual sinks and garden tub. Custom built basketball patio in backyard. Roof only two years old.

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
 

$281,700$344,300$313,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,155
Property Tax -$620
Property Insurance -$156
Property Management Fees -$99
CASH FLOW
-$70

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.

$313,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,695

INVESTMENT

$88,695

Down Payment
$78,250
Rehab Estimate
$5,750
Closing Costs
$4,695

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,155

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,250
Loan Amount $234,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,961

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$1,9604$2,0755$2,099
$2,099
RENT COMPS ANALYSIS
  • 7209 Sonoma Valley Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.88
    •  
  • 7101 Chardonnay Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1994
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 10208 Napa Valley Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1992
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 7209 Bouquet Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,222 Sqft ∙ Built 1992
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.93
    •  
  • 10401 Chablis Lane Frisco, TX 5
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 1993
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ci Ci La Faso
The Tsan Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470776
Last Updated: 11/15/2020
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