Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7213 Napa Valley Drive Frisco, TX 75035

3 Beds 3 Baths 1,849 sqft Built 1993

$315,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $170.36
  • 2 Days on Market
  • MLS # : 14503142
  • Updated Date : 01/22/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate, Winans

Listing Agent's Description

Super Cute and Ready to Roll in Heart of Frisco. Sweet Two story home leads you into a great open foyer with wood laminate flooring. Find your inner chef in this great kitchen with Stainless Appliances ,Granite and pot rack. Relax in your Master down with incredible installed closet system and fantastic bathroom updates. Split bedrooms with updated bathroom and powder bath with unique antique vanity. Find your personal oasis outside with private yard and added brand new deck, cover, and amazing Hot Tub as well as landscaping and outdoor lighting. Fantastic Shutters throughout home lend shade and classy style. Updated HVAC system in 2017. NO HOA.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,094
Property Tax -$624
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$78

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.

$315,000

PROJECTED PRICE

$1,870

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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8504$1,8705$1,950
$1,950
RENT COMPS ANALYSIS
  • 7213 Napa Valley Drive Frisco, TX 4
    • 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,792 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.04
    •  
  • 7108 Chardonnay Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1993
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.01
    •  
  • 7105 Chateau Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1994
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.07
    •  
  • 7104 Chateau Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1994
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
  • 7120 Chateau Drive Frisco, TX 5
    • 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,786 Sqft ∙ Built 1994
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
Kristen Mackey
Better Homes And Gardens Real Estate, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503142
Last Updated: 01/22/2021
BESbswy