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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $171.30
- 4 Days on Market
- MLS # : 14518235
- Updated Date : 02/26/2021 at 16:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,481 sqft
- Baths : 2 full
Listing Agent
Robbins Real Estate Group, Llc
Listing Agent's Description
Beautiful, Clean, and Bright! You are virtually guaranteed to LOVE everything about this Frisco home in The Trails. The curb appeal is unmatched, with wood accents and a manicured landscape package. Out back you will find a covered patio, board on board fence, and lovely spacious yard. The best part is inside! The interior features lots of natural light to elevate your sprits. You will have a hard time deciding which is your favorite room. Is it the open kitchen? Or the owner's suite? Perhaps it is the comfortable living room. Located just a short walk from extensive trail systems, you will enjoy many evening walks to the pond. This gorgeous home will not last long, so schedule your private tour today!
SEE MORE
- . 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$748 | |
| Property Insurance | -$171 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$242
|
||
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.
$425,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
1.67
YEARS SAVED
$4,719
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,338
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
9751 Downbrook Drive Frisco, TX 3
- 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $2,310
- $0.93
-
1111 Resaca Drive Frisco, TX 1
- 3 beds 2 baths ∙ 2,537 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,537 Sqft ∙ Built 2005
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
11089 Downbrook Drive Frisco, TX 2
- 4 beds 4 baths ∙ 2,473 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,473 Sqft ∙ Built 2004
![property image]()
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,300
- $0.93
-
1073 Sahallee Drive Frisco, TX 4
- 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 2006
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $2,500
- $0.94
-
9638 Castlerock Trail Frisco, TX 5
- 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2008
![property image]()
LEASED 08/17/20- Rent
- Rent Per SQFT
- $2,600
- $1.03
PROPERTY LISTING DETAILS
Robbins Real Estate Group, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518235
Last Updated: 02/26/2021
