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9706 Prestmont Place Frisco, TX 75035

4 Beds 3 Baths 2,462 sqft Built 1997

$397,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $161.25
  • 3 Days on Market
  • MLS # : 14514176
  • Updated Date : 02/06/2021 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,462 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dhl Realty Group, Llc

Listing Agent's Description

Great Frisco Location,Beautiful 4 bedrooms, 2.1 Baths home invites you inside with high ceiling entrance.Downstairs offer nice size flex room could be an office or game room,dining room,breakfast nook,kitchen,living room.Living room with fireplace looks back to the pool.You'll enjoy beautiful POOL with grass area for pets.Kitchen offers Granite Countertops,Decorative ceramic tiles,Stainless Steel Appliances.Laminate flooring through out the house,NO Carpet.Bright,spacious bedrooms are upstairs,split bedrooms floorplan great for privacy.For school information FRISCO ISD.Easy access to Highway 121,Preston Rd,Dallas North Tollway,Close to Stonebriar Mall,Restaurants, TOYOTA, JC Penny and many headquarters

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: Prestmont

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k434k

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

Neighborhood: Prestmont

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
Smith Elementary School Primary Regular 603 39 9
Adelle R. Clark Middle School Middle Regular 853 65 8
Lebanon Trail High School High Unknown NA

Smith Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 39
9
GreatSchools Rating

Adelle R. Clark Middle School

  • Education Level: Middle
  • # of students: 853
  • # of teachers: 65
8
GreatSchools Rating

Lebanon Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$357,300$436,700$397,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,379
Property Tax -$787
Property Insurance -$169
HOA -$25
Property Management Fees -$99
CASH FLOW
-$209

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.

$397,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$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$110,955

INVESTMENT

$110,955

Down Payment
$99,250
Rehab Estimate
$5,750
Closing Costs
$5,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,250
Loan Amount $297,750
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0953$2,2004$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 9706 Prestmont Place Frisco, TX 4
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 4109 Katy Court Frisco, TX 1
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1996
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.90
    •  
  • 9618 Shirland Lane Frisco, TX 2
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1996
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.85
    •  
  • 10100 Max Lane Frisco, TX 3
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 1997
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 9478 Landmark Place Frisco, TX 5
    • 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 2001
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Pelin Guzel
Dhl Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514176
Last Updated: 02/06/2021
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