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7211 Waterlily Lane Frisco, TX 75033

4 Beds 2 Baths 2,271 sqft Built 2001

$325,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $143.11
  • 3 Days on Market
  • MLS # : 14482168
  • Updated Date : 12/12/2020 at 07:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,271 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Charming home still owned by original home owner in the heart of Frisco! This 4 bed, 2 bath home offers an open floor plan and creates a great space for entertaining. Eat in kitchen has granite countertops, plenty of counter space, and barstool seating. Travertine tile flows through the living and dining rooms. All bedrooms are downstairs, with the primary bedroom separate from the secondary bedrooms. The flex room upstairs offers plush carpet and would make a great game room, living room, or private home office. Backyard offers a beautiful covered patio and a dog friendly turf. The community pond and jogging path are just steps away. Only a mile from downtown Frisco shopping, restaurants, and coffee shops.

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: Meadow Hill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Meadow Hill Estates

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
I. S. Rogers Elementary School Primary Regular 565 34 7
Benton A. Staley Middle School Middle Regular 715 60 7
Memorial High School High Regular NA

I. S. Rogers Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
7
GreatSchools Rating

Benton A. Staley Middle School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 60
7
GreatSchools Rating

Memorial High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,199
Property Tax -$644
Property Insurance -$158
HOA -$33
Property Management Fees -$99
CASH FLOW
-$124

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.

$325,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$8,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,038

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0103$2,0504$2,1005$2,395
$2,395
RENT COMPS ANALYSIS
  • 7211 Waterlily Lane Frisco, TX 2
    • 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.89
    •  
  • 7208 Yellowstone Drive Frisco, TX 1
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 2001
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 7216 Chinquapin Drive Frisco, TX 3
    • 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,302 Sqft ∙ Built 2002
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 7298 Chinquapin Drive Frisco, TX 4
    • 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2002
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 7027 Saint Augustine Frisco, TX 5
    • 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,456 Sqft ∙ Built 2000
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.98
    •  
PROPERTY LISTING DETAILS
Michelle Modesto
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482168
Last Updated: 12/12/2020
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