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9547 Amberwoods Lane Frisco, TX 75035

6 Beds 6 Baths 4,604 sqft Built 2013

$599,900

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $130.30
  • 3 Days on Market
  • MLS # : 14532084
  • Updated Date : 03/13/2021 at 23:40
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,604 sqft
  • Baths : 4 full , 2 half
Listing Agent

Pioneer Dfw Realty, Llc

Listing Agent's Description

Beautiful well maintained home in Crown Ridge, a Gold Standard, 5 Star neighborhood rating from the City of Frisco. This home has it ALL!!! Open and spacious floorplan, soaring ceilings, wood floors, iron balusters, art niches, large bedrooms. The kitchen has beautiful cabinetry, granite counter tops, Subway tile backsplash, stainless steel appliances and a huge island. The Family room contains a beautiful stone feature that goes from floor to ceiling that encompasses a gas log Fireplace and wood mantle. Upstairs has 4 large bedrooms with two Jack and Jill Bathrooms. There is a huge game room and separate media room. The backyard is absolutely AMAZING! Covered patio, outdoor kitchen and gorgeous pool.

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: Crown Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Crown Ridge

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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$2,084
Property Tax -$1,189
Property Insurance -$293
HOA -$50
Property Management Fees -$99
CASH FLOW
-$125

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.

$599,900

PROJECTED PRICE

$3,590

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.7%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $3,142

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9753$3,0004$3,1005$3,590
$3,590
RENT COMPS ANALYSIS
  • 9547 Amberwoods Lane Frisco, TX 5
    • 6 beds 6 baths ∙ 4,604 Sqft ∙ Built 2013 6 beds 6 baths ∙ 4,604 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $0.78
    •  
  • 10579 Shire View Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,321 Sqft ∙ Built 2010
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.68
    •  
  • 12694 Loxley Drive Frisco, TX 2
    • 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,512 Sqft ∙ Built 2006
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.66
    •  
  • 14297 Penrose Avenue Frisco, TX 3
    • 6 beds 4 baths ∙ 4,277 Sqft ∙ Built 2018 6 beds 4 baths ∙ 4,277 Sqft ∙ Built 2018
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.70
    •  
  • 10116 Burnt Mill Lane Frisco, TX 4
    • 5 beds 4 baths ∙ 4,492 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,492 Sqft ∙ Built 2005
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.69
    •  
PROPERTY LISTING DETAILS
Sharonda Younger
Pioneer Dfw Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532084
Last Updated: 03/13/2021
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