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7774 Petersburgh Place Frisco, TX 75035

3 Beds 2 Baths 1,713 sqft Built 2004

INVESTimate

$315,000

List Price

$1,900

$1,710 - $2,090

Rent Est.

$336,956  ( +6.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $183.89
  • 7 Days on Market
  • MLS # : 14416418
  • Updated Date : 08/21/2020 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,713 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Nestled behind lush established gardens and bursting with curb appeal. Low-maintenance lifestyle awaits new owners plus enjoy peaceful & private living with access to community pool, playground & walking trail. SS appliances, a dishwasher and ample counter space, along with an open design that overlooks the dining area. Step out to the good-size covered patio and side courtyard with room to entertain. Easy-care gardens provide private & picturesque outlook. Minimal yard work required. Large master boasts a master bath with a double vanity, a bathtub and a separate shower. Ceiling fans throughout. Located sought-after community close to shopping, Vivian Stark McCallum Park, dining options and major employers.

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: Queen's Gate

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Queen's Gate

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
Christie Elementary School Primary Regular 685 48 4
Adelle R. Clark Middle School Middle Regular 853 65 8
Centennial High School High Regular 2,065 138 9

Christie Elementary School

  • Education Level: Primary
  • # of students: 685
  • # of teachers: 48
4
GreatSchools Rating

Adelle R. Clark Middle School

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

Centennial High School

  • Education Level: High
  • # of students: 2,065
  • # of teachers: 138
9
GreatSchools Rating
 

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

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,162
Property Tax -$624
Property Insurance -$126
HOA -$53
Property Management Fees -$99
CASH FLOW
-$165

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

$1,900

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,897

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 7774 Petersburgh Place Frisco, TX 1
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
  • 7684 Glasshouse Walk Frisco, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2004
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 7888 Southmark Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 2006
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.05
    •  
  • 9348 Grosvenor Place Frisco, TX 4
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2007
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
  • 7550 Saint Stephens Square Frisco, TX 5
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2004
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.12
    •  
PROPERTY LISTING DETAILS
Melissa Dunn
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416418
Last Updated: 08/21/2020
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