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7646 Greenvalley Lane Frisco, TX 75033

4 Beds 3 Baths 2,616 sqft Built 2001

$339,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $129.93
  • 5 Days on Market
  • MLS # : 14473478
  • Updated Date : 11/20/2020 at 22:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,616 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Plano

Listing Agent's Description

**MULTIPLE OFFERS RECEIVED. Best and final due by 6p Saturday 11-21** Awesome home located in Frisco and Frisco ISD that has been updated throughout! Home feature 4 bedrooms including an oversized master bedroom, 3 bathrooms, open concept kitchen and living room, large game room upstairs, formal dining room and more. Some of the upgrades include engineered hardwood floors, new paint throughout, new light fixtures, and a new board on board fence! Don't let this home pass you by!

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: 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
 

$305,910$373,890$339,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,254
Property Tax -$674
Property Insurance -$178
HOA -$33
Property Management Fees -$99
CASH FLOW
$12

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.

$339,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.66%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$19,406

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,367

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,2504$2,2505$2,500
$2,500
RENT COMPS ANALYSIS
  • 7646 Greenvalley Lane Frisco, TX 4
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 7233 Waterlily Lane Frisco, TX 1
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 8310 Fisher Drive Frisco, TX 2
    • 3 beds 2 baths ∙ 2,455 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,455 Sqft ∙ Built 1997
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.90
    •  
  • 7457 Daffodil Way Frisco, TX 3
    • 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,510 Sqft ∙ Built 2001
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 8307 Prescott Circle Frisco, TX 5
    • 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,664 Sqft ∙ Built 1996
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kevin Moran
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473478
Last Updated: 11/20/2020
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