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809 Calliopsis Street Little Elm, TX 75068

4 Beds 4 Baths 3,693 sqft Built 2016

$420,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $113.73
  • 2 Days on Market
  • MLS # : 14511121
  • Updated Date : 02/06/2021 at 20:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,693 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Multiple Offers! Magnificently situated North -East facing Frisco ISD home in the desirable Frisco Hills neighborhood. Features 4 beds, 3.5 baths, office, game room and media room. Open concept with vaulted ceilings and hardwood floors. Perfect for the entertainer! Kitchen boasts granite counters, stainless steel appliances, large island, tastefully painted cabinets. Beautiful master suite with large walk-in closet located on the first floor makes a perfect couple's retreat. All other rooms are on the second floor. Backyard has a nice covered patio.

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Miller Elementary School Primary Unknown NA
Trent Middle School Middle Regular NA
Memorial High School High Unknown NA

Miller Elementary School

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

Trent Middle School

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

Memorial High School

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

$378,000$462,000$420,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,459
Property Tax -$880
Property Insurance -$241
HOA -$40
Property Management Fees -$99
CASH FLOW
$141

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.

$420,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$28,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,8603$2,9504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 809 Calliopsis Street Little Elm, TX 2
    • 4 beds 4 baths ∙ 3,693 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,693 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $0.77
    •  
  • 629 Sundrop Drive Little Elm, TX 1
    • 4 beds 4 baths ∙ 3,509 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,509 Sqft ∙ Built 2014
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.68
    •  
  • 261 Driscoll Lane Frisco, TX 3
    • 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,797 Sqft ∙ Built 2017
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.78
    •  
  • 13912 Bluebell Drive Little Elm, TX 4
    • 5 beds 5 baths ∙ 3,638 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,638 Sqft ∙ Built 2017
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 131 Timber Creek Lane Frisco, TX 5
    • 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,548 Sqft ∙ Built 2018
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sandra Rubio
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511121
Last Updated: 02/06/2021
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