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8300 Christie Drive Frisco, TX 75033

3 Beds 2 Baths 1,235 sqft Built 1986

$320,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $259.11
  • 5 Days on Market
  • MLS # : 14518977
  • Updated Date : 02/24/2021 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,235 sqft
  • Baths : 2 full
Listing Agent

Vibrant Real Estate

Listing Agent's Description

1 STORY TREMENDOUSLY MAINTAINED with incredible curb appeal in Frisco WILL BE GONE FAST! HARDWOOD FLOORS, GRANITE Counters, STAINLESS STEEL appliances, ALL NEW BLINDS, carpet, paint and cabinets in kitchen look and maintained like new. New AC installed 2017. Recent updates: roof, air ducts, attic insulation, hot water heater, chimney cleaned and inspected, new mainline drain pipe, and new sprinkler panel and garage door opener and more!! This home is situated in the heart of Frisco. Located in a quiet neighborhood with quick and incredibly easy access to Preston or the DNT Tollway. Delight yourself in the spacious back yard that has a full bloom peach tree every summer. Shed included. WELCOME HOME!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Crestview

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k434k

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

Neighborhood: Crestview

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 Unknown 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,111
Property Tax -$634
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$363

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $1,349

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,6004$1,6505$1,690
$1,690
RENT COMPS ANALYSIS
  • 8300 Christie Drive Frisco, TX 1
    • 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,235 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.28
    •  
  • 7806 Williams Avenue Frisco, TX 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1983
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 8410 Santa Clara Drive Frisco, TX 3
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1986
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 8679 Woodstream Drive Frisco, TX 4
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1983
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 9680 Williford Trail Frisco, TX 5
    • 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,491 Sqft ∙ Built 1992
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.13
    •  
PROPERTY LISTING DETAILS
Trisha Ramos
Vibrant Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518977
Last Updated: 02/24/2021
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