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8699 Dancliff Drive Frisco, TX 75033

5 Beds 4 Baths 3,633 sqft Built 2005

INVESTimate

$429,000

List Price

$2,430

$2,187 - $2,673

Rent Est.

$452,252  ( +5.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $118.08
  • 5 Days on Market
  • MLS # : 14418875
  • Updated Date : 08/22/2020 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,633 sqft
  • Baths : 3 full , 1 half
Listing Agent

Oakridge Realty Inc.

Listing Agent's Description

Beautiful and Spacious home for Sale! Elegant17ft ceiling entry leads to gourmet kitchen featured with Granite counter top, Upgraded backsplash, Kitchen island and lots cabinet for storage. Brand new cook-top dishwasher. Brand new carpet and fence! Grand family room with soaring ceiling opens to kitchen and hallway to upstairs. Bay windows in study, upstairs bedroom and master bedrooms.Spacious master bedroom and bathroom plus big closet. 5 Bedrooms plus a very nice study at entry and game room upstairs. Neighborhood features meadows, parks, pool , play ground, all with walking distance, great place to raise family and kids. Frisco ISD!! Great location at Preston Eldorado! Easy commute,shop,enjoy everything!

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: Preston Highlands Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Preston Highlands Village

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,583
Property Tax -$850
Property Insurance -$237
HOA -$40
Property Management Fees -$99
CASH FLOW
-$379

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.

$429,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,616

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4303$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8699 Dancliff Drive Frisco, TX 2
    • 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,633 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.67
    •  
  • 8778 Fisher Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 3,398 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,398 Sqft ∙ Built 2006
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.68
    •  
  • 8316 Pinnacle Drive Frisco, TX 3
    • 5 beds 4 baths ∙ 3,401 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,401 Sqft ∙ Built 1996
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 8715 Dancliff Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,641 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,641 Sqft ∙ Built 2005
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.69
    •  
  • 8411 Silverton Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,360 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,360 Sqft ∙ Built 1999
    LEASED 03/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
PROPERTY LISTING DETAILS
Helen Liu
Oakridge Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418875
Last Updated: 08/22/2020
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