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9799 Amberwoods Lane Frisco, TX 75035

5 Beds 4 Baths 3,647 sqft Built 2014

$565,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $154.92
  • 2 Days on Market
  • MLS # : 14536658
  • Updated Date : 03/20/2021 at 13:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,647 sqft
  • Baths : 4 full
Listing Agent

Keller Williams No. Collin Cty

Listing Agent's Description

Prosper ISD! Beautiful traditional two story home in the highly sought after neighborhood of Crown Ridge! This 5 bedroom, 4 bath home has plenty of space to spread out. The downstairs has handscraped wood floors & ceramic tile in the kitchen. Kitchen has a large island with breakfast bar, endless cabinets, granite counters, stainless steel appliances, gas cooktop & double ovens. Open concept kitchen faces living room with fireplace & a soaring ceiling. Master bedroom w ensuite bath has large garden tub, separate shower, dual sinks and a nice walk-in closest. Upstairs there are 3 bedrooms, 2 baths & a media room connected to a large gameroom. Come see this one today!

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,962
Property Tax -$1,120
Property Insurance -$238
HOA -$50
Property Management Fees -$99
CASH FLOW
-$569

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.

$565,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$633

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,036

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9003$2,9004$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 9799 Amberwoods Lane Frisco, TX 3
    • 5 beds 4 baths ∙ 3,647 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,647 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 12605 Wolf Snare Frisco, TX 1
    • 4 beds 4 baths ∙ 3,762 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,762 Sqft ∙ Built 2010
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.76
    •  
  • 11176 Progreso Street Frisco, TX 2
    • 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 2016
    property image
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 13863 Posada Drive Frisco, TX 4
    • 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2019 5 beds 5 baths ∙ 3,585 Sqft ∙ Built 2019
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.84
    •  
  • 13828 Azul Lane Frisco, TX 5
    • 4 beds 4 baths ∙ 3,665 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,665 Sqft ∙ Built 2015
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Leslie Barrett
Keller Williams No. Collin Cty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536658
Last Updated: 03/20/2021
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