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9751 Downbrook Drive Frisco, TX 75033

4 Beds 2 Baths 2,481 sqft Built 2008

$425,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
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

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
Weldon F. Corbell Elementary School Primary Regular 714 44 8
Robert Cobb Middle School Middle Unknown NA
Justin Wakeland High School High Regular 2,220 140 9

Weldon F. Corbell Elementary School

  • Education Level: Primary
  • # of students: 714
  • # of teachers: 44
8
GreatSchools Rating

Robert Cobb Middle School

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

Justin Wakeland High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

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

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

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
$2,200
1$2,2002$2,3003$2,3104$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 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
Jay Robbins
Robbins Real Estate Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518235
Last Updated: 02/26/2021
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