Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9823 Carriage Hill Lane Frisco, TX 75035

3 Beds 3 Baths 3,248 sqft Built 2006

$419,900

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $129.28
  • 4 Days on Market
  • MLS # : 14492524
  • Updated Date : 12/31/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,248 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dallas Suburbs

Listing Agent's Description

Beautiful NORTH FACING CUSTOM HOME built by DARLING HOMES! ELEGANT STONE ELEVATION w_ large brick covered FRONT PATIO! 8FT, SPEAK EASY_style front door. STUNNING CURVED STAIRWAY w_ WROUGHT IRON SPINDLES! Tall ceilings, light filled STUDY w_ Transom windows. Formal Dining w_ French doors! Wine Rm w_ ORNATE WROUGHT IRON dr! OPEN KIT w_GRANITE, STAINED 42 inch CABINETS. LARGE SERVING ISLAND w_ SS under mount sink w_ stainless faucet. PVT MSTR BDRM w_ sitting area. MSTR bath has designer sinks, sep tub and walk in shower! Den with cast stone FP. Carpet Dec 2020, some wood trim painted Dec 2020. Stunning HARDWOOD FLRS. Huge GMRM up w_ built in desk. Jack and Jill bath w_separate sinks. Covered back patio. ROOF 2017.

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

Neighborhood: The Village at Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k461k

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

Neighborhood: The Village at Panther Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262762

* 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
Polly Tadlock Elementary School Primary Regular 703 41 8
Libby Cash Maus Middle School Middle Regular 891 60 NA
Memorial High School High Regular NA

Polly Tadlock Elementary School

  • Education Level: Primary
  • # of students: 703
  • # of teachers: 41
8
GreatSchools Rating

Libby Cash Maus Middle School

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 60
NA
GreatSchools Rating

Memorial High School

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

$377,910$461,890$419,900

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,549
Property Tax -$832
Property Insurance -$215
HOA -$46
Property Management Fees -$99
CASH FLOW
-$332

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.

$419,900

PROJECTED PRICE

$2,410

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,4953$2,5004$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 9823 Carriage Hill Lane Frisco, TX 1
    • 3 beds 3 baths ∙ 3,248 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,248 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.74
    •  
  • 11919 Salisbury Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,246 Sqft ∙ Built 2005
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.77
    •  
  • 11325 Henderson Drive Frisco, TX 3
    • 4 beds 5 baths ∙ 3,362 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,362 Sqft ∙ Built 2005
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 10609 Wilton Drive Frisco, TX 4
    • 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,294 Sqft ∙ Built 2011
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.80
    •  
  • 12497 Olton Drive Frisco, TX 5
    • 4 beds 4 baths ∙ 3,355 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,355 Sqft ∙ Built 2004
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jeff Coats
Re/max Dallas Suburbs
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492524
Last Updated: 12/31/2020
BESbswy