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9499 Blackthorn Trail Frisco, TX 75033

3 Beds 3 Baths 2,747 sqft Built 2000

$419,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $152.53
  • 4 Days on Market
  • MLS # : 14462219
  • Updated Date : 11/07/2020 at 16:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,747 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

West Frisco home in award winning Frisco ISD! Corner lot is one of the largest in the neighborhood and backs up to a walking path. Versatile floor plan will accommodate all of your needs. Formal living room can be used as an office, den or playroom. Office area could also be used as a nursery, craft room, den, or workout space. Prepare to be wowed by the incredible kitchen and butlers pantry that would make an excellent coffee or wine bar! Tons of storage, plus a 3 car garage. All of this space is highlighted by the open floor plan with tons of natural light. Minutes from The Star, Trails of Frisco Golf Club, and the Dallas North Tollway. MULTIPLE OFFERS RCVD. SUBMIT HIGHEST AND BEST OFFERS BY 12PM, NOV 8.

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: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Wilma Fisher Elementary School Primary Regular 663 40 10
Robert Cobb Middle School Middle Regular 909 63 NA
Justin Wakeland High School High Regular 2,220 140 9

Wilma Fisher Elementary School

  • Education Level: Primary
  • # of students: 663
  • # of teachers: 40
10
GreatSchools Rating

Robert Cobb Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 63
NA
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,546
Property Tax -$737
Property Insurance -$186
HOA -$58
Property Management Fees -$99
CASH FLOW
-$287

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.

$419,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,390

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3403$2,4004$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 9499 Blackthorn Trail Frisco, TX 2
    • 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,747 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.85
    •  
  • 8537 Nicholson Drive Frisco, TX 1
    • 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2004
    property image
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
  • 2895 Bandolier Lane Frisco, TX 3
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2000
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 11238 Tenison Lane Frisco, TX 4
    • 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2002
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 11245 Tenison Lane Frisco, TX 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.90
    •  
PROPERTY LISTING DETAILS
Riann Emch
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462219
Last Updated: 11/07/2020
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