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9673 Staffordshire Road Frisco, TX 75035

4 Beds 4 Baths 3,531 sqft Built 2016

$524,900

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $148.65
  • 3 Days on Market
  • MLS # : 14496343
  • Updated Date : 01/08/2021 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,531 sqft
  • Baths : 3 full , 1 half
Listing Agent

Starpro Realty Inc.

Listing Agent's Description

Gorgeous 4 Bedroom,3.5 Baths, Formal Dining, Study, Game Room+Media Room in Preston Hills and Prosper ISD. Wood floors in Entry, Kitchen and Breakfast area. Gorgeous Chef’s Kitchen include oversized island, builtin Microwave and Oven, Stainless steel appliances, Granite counters, custom back splash open to Generous Family Room with Cozy Fireplace! Master bedroom with granite counters in master bath and framed mirrors. Upstairs is a Large Game room+ Media room, three secondary bedrooms & 2 Full Baths. Upgrades include hardwood floors, Granite and framed mirrors in all bathrooms, Covered Patio for Outdoor living and front covered Porch

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75035

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Zip Code: 75035

ZipNIR 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
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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,823
Property Tax -$1,040
Property Insurance -$231
HOA -$68
Property Management Fees -$99
CASH FLOW
-$462

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.

$524,900

PROJECTED PRICE

$2,800

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,895

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 9673 Staffordshire Road Frisco, TX 2
    • 4 beds 4 baths ∙ 3,531 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,531 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
  • 9525 Lance Drive Frisco, TX 1
    • 4 beds 4 baths ∙ 3,341 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,341 Sqft ∙ Built 2008
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.84
    •  
  • 11176 Progreso Street Frisco, TX 3
    • 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016
    property image
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 11170 Villita Street Frisco, TX 4
    • 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 2017
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
  • 14946 Rosario Road Frisco, TX 5
    • 4 beds 4 baths ∙ 3,667 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,667 Sqft ∙ Built 2018
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.82
    •  
PROPERTY LISTING DETAILS
Ram Konara
Starpro Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496343
Last Updated: 01/08/2021
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