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8201 Bells Street Frisco, TX 75035

3 Beds 2 Baths 1,508 sqft Built 1994

$298,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $197.61
  • 2 Days on Market
  • MLS # : 14521585
  • Updated Date : 03/06/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Multiple offers Received! Deadline to submit is Sunday March 7 10AM CST. Great Frisco location! Close to retail shopping, entertainment and dining. NO HOA! Great first time buyer or investment property. East facing one story, 3 bedroom cozy home. Freshly painted interior walls and living area ceilings, updated ceiling fans, and light fixtures. Kitchen cabinets recently painted. Master suite with jetted tub, separate shower and walk-in closet. Large backyard with freshly stained fence. See transaction desk for additional updates document. Open House Canceled for Saturday 1PM-3PM.

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 Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Preston Oaks

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
 

$268,200$327,800$298,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,035
Property Tax -$591
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$129

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.

$298,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.9%
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

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$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,035

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,708

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7103$1,7254$1,7505$1,875
$1,875
RENT COMPS ANALYSIS
  • 8201 Bells Street Frisco, TX 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.13
    •  
  • 8204 Burleigh Street Frisco, TX 1
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1993
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.14
    •  
  • 10978 Quest Drive Frisco, TX 3
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 1994
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.12
    •  
  • 8216 Burleigh Street Frisco, TX 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1993
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 8301 Bells Street Frisco, TX 5
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.14
    •  
PROPERTY LISTING DETAILS
Tommy Thompson
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521585
Last Updated: 03/06/2021
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