Real Estate Investing Performance In Frisco
If you want to learn about the available financing options, please let us know, and we can discuss this with you during our first call. In the meantime, this table summarizes what to expect from an investment in the Frisco area.
|Avg Purchase Price||Avg Cap Rate||Avg Cash on Cash Return||Avg Cash Needed to close|
|Commercial 5+ units LTR||175-200k per door||3% - 5%||3%-6% (assumes 25% down payment)||$52,000 per door|
|Short Term Rental (SFH)||350k - 425k||7% - 8%||8% - 10%||$94,000 (furnished)|
|STR (2-4 Units)||150k - 200k per door||8% - 9%||9% - 10%||$57,000 per door (furnished)|
|Long Term Rental (2-4 Units)||130k - 190k per door||3% - 5%||2% - 4%||$45,000 per door|
|Long Term Rental (SFH)||300k - 375k||2% - 3%||2% - 4%||$76,000|
|Househack (2-4 Units)||150k - 200k per door||n/a||n/a||$12,000 per door|
|Househack (SFH)||275k - 350k||n/a||n/a||$15,000|
Subscribe to daily deals
Investment Tips for Frisco Real Estate
The thing with Frisco is that it has a relatively high rent-to-price ratio for the metroplex. For investors who are lucky enough to find a deal that helps them break even within the first year, that’s a deal that they shouldn’t pass up.
Such deals often guarantee continued cash flow brought about by long-term tenancy agreements. The good news is that new developments are popping up all over Frisco, so there’s always something new coming up for sale.
Main Activities/Attractions of the Frisco Area
Although Frisco is renowned for its strong ties to the sporting world, there is still so much to see and appreciate, with a diversity of things to do. Located close to Dallas, Frisco is a city that boasts of having a unique flair and appeal.
The city is home to the Dallas Cowboys, making it a go-to destination for NFL fans who regularly make their way to the Star and Ford Center to watch the team play. Baseball fanatics are not forgotten, as they can always catch a baseball game at Riders Field.
Below is a look at what Frisco offers its residents and visitors.
PGA of America Headquarters
The PGA of America Headquarters is a new development that’s the size of 2000 football fields. It features luxury single-family homes, apartment complexes, artificial lakes, parks, offices, and hotels.
It’s a development that’s coming up next to the 550 acres purchased by TRT holdings for the new PGA of America Headquarters. Widely touted as the Silicon Valley of Golf, it’s expected that the development will have an economic impact of about $2.5 billion over the next two decades.
Baseball at Riders Field
Catching a baseball game at Dr Pepper Ballpark or Riders Field is among the top things to do in Frisco. Riders Field is home to Frisco RoughRiders, a Double-A minor league team. Many love this park because of its village-like appearance, which creates an intimate atmosphere.
The Star and Ford Center
For football fanatics, the Star and the Ford Center is the place to visit. It’s known as the home of the Dallas Cowboys. The 91-acre campus serves as the NFL team’s practice facility and world headquarters.
Frisco Commons Park
The Frisco Commons Park is a favorite with many city residents due to its iconic picnic areas, splash pad, large children’s playground, and stocked pond for fishing. There’s also a veteran’s memorial located next to it.
Frisco Heritage Museum
History buffs will love the Frisco Heritage Museum, which showcases information and exhibits related to the developments around Frisco and the North Texas area. Inside the museum are artifacts that show the evolution of Frisco and its surroundings.
The heritage museum tracks the progress of Frisco from its origins as a Shawnee Trail to the modern-day city it has become today. Located outside is a four-acre heritage village with several historic buildings dotted around it.
Museum of the American Railroad
The Museum of the American Railroad is among the unique historical treasures located in Frisco. It traces its origins back to 1963 when it was nothing more than a small State Fair display. Today, it has more than 36 unique train cars and pieces of locomotives.
Sci-Tech Discovery Center
The center focuses on inspiring people of all ages to learn more about science, math, and technology through the use of fun explorations. Inside it are permanent exhibits focused on topics such as coordination, homeostasis, and weather.
Karla Siddhi Hanuman Temple
The Karla Siddhi Hanuman Temple is a $7.5 billion project which is located right next to the Datta Yoga Center and the Hanuman Cultural Center, which are also worth a visit. Hanuman is believed to be the Hindu monkey god.
Besides its high construction value, it’s the first temple constructed outside India, which happens to have a jade stone Hanuman idol. The temple is not only a place of worship but also a place that holds various cultural programs and performances.
Success stories investing in this area
“Used Victor in finding and purchasing my first investment property. Victor and his team were knowledgeable in providing help along the way especially toward the end while getting everything squared away.”
Long Term Rental
Victor was an awesome realtor! We were first time investors in Texas and he was very responsive, experienced, and pleasant. Every question we had he answered promptly and from start to finish Victor guided us thorough the whole process and made the buying transaction as smooth as possible for us! You will not be disappointed by working with Victor Steffen, thank you Victor!
Long Term Rental
Investment Strategies for the Frisco Area
Land banking along the Dallas North Tollway has been a favorite for investors looking for rental properties in the area for years. Although it requires a long-term outlook and matching deep pockets, developers have recently started scooping up large tracts of land.
This is seen as a bid to provide housing for the rising population. For those looking to invest right now, Long term rentals, recently built single-family homes, and the very few multi-unit properties that hit the market each year are excellent long-term hold plays.
Is Frisco a Good Real Estate Investment?
Frisco, Texas has experienced significant growth and development over the last 10 years, making it an attractive real estate market to invest in. Here are a few major developments that have taken place in Frisco over the last 10 years:
Economic growth: Frisco has experienced significant economic growth over the last 10 years, with the addition of new businesses and job opportunities, particularly in industries such as technology, healthcare, and retail. This has helped to drive demand for housing in the city. Frisco, Texas is home to a number of large employers, providing job opportunities for residents and helping to drive the local economy. Here are the top 3 employers in Frisco that employ the most people:
Frisco Independent School District: Frisco Independent School District is the largest employer in Frisco, employing over 4,000 people.
Baylor Scott & White Medical Center Frisco: Baylor Scott & White Medical Center Frisco is a large healthcare provider in Frisco, employing over 2,000 people.
City of Frisco: The City of Frisco is the third largest employer in Frisco, employing over 1,000 people in a variety of positions, including police officers, firefighters, and administrative staff.
Sports and entertainment: Frisco is home to a number of sports and entertainment venues, including the Frisco Athletic Center, the Frisco Convention Center, and Toyota Stadium, which hosts Major League Soccer’s FC Dallas. These venues have helped to make Frisco a destination for sports and entertainment, and have increased demand for housing in the city.
Education: Frisco has a strong public school system, and is home to several universities and colleges, including the University of North Texas at Frisco and Collin College. These institutions have helped to make Frisco a destination for education, and have increased demand for housing in the city.
Housing development: Frisco has experienced significant growth in housing development over the last 10 years, with the addition of new residential neighborhoods, apartment complexes, and commercial developments. This has helped to meet the growing demand for housing in the city and has made Frisco an attractive option for people seeking a convenient and affordable place to live.
The Frisco, Texas housing market has experienced significant growth over the last decade, reflecting the growing demand for housing in the city. According to data from Zillow, the median home value in Frisco was $475,000 in February 2021, which is up from $225,000 in February 2011, representing an increase of over 110% during that time period.
This growth in the Frisco housing market can be attributed to several factors, including the city’s strong and diversified economy, high quality of life, and affordable housing. Additionally, Frisco’s convenient location in the Dallas metropolitan area, its strong public school system, and its vibrant sports and entertainment scene have all helped to make it an attractive destination for people seeking a new place to live.
As the Frisco housing market has grown over the last decade, new residential neighborhoods and apartment complexes have been developed to meet the growing demand for housing. Additionally, the city has invested in infrastructure, including roads, parks, and public facilities, helping to make Frisco an even more attractive place to live.
Overall, the Frisco housing market is considered to be strong and growing, and is expected to continue to perform well in the coming years.
Is it a Good Time to Invest in Frisco?
Now is a great time to invest in frisco real estate.
Frisco, Texas has experienced a number of exciting real estate developments over the last 3 years, reflecting the city’s growing popularity as a place to live and work. Here are a few of the most notable real estate developments that have taken place in Frisco over the last 3 years:
Frisco Station: Frisco Station is a mixed-use development that includes a variety of residential, commercial, and retail spaces, as well as public parks and trails. This development is one of the largest and most exciting real estate projects in Frisco, and has helped to further revitalize the city.
Stonebriar Centre Mall: Stonebriar Centre Mall is a large shopping center in Frisco that has undergone significant renovations over the last 3 years, including the addition of new retailers and dining options. This renovation has helped to make Stonebriar Centre Mall one of the premier shopping destinations in Frisco.
The Star: The Star is a 91-acre mixed-use development in Frisco that includes a variety of residential, commercial, and retail spaces, as well as public parks and trails. This development is anchored by the Dallas Cowboys World Headquarters and training facility, and is one of the most exciting real estate projects in Frisco.
As for companies that have moved into the Frisco area over the last 3 years, a number of large corporations have established a presence in the city, including Toyota, Liberty Mutual, and JPMorgan Chase. Additionally, Frisco has become a hub for technology and innovation, with a number of startups and technology companies choosing to locate in the city.
These are just a few examples of the many exciting real estate developments and companies that have moved into Frisco over the last 3 years, reflecting the city’s growing popularity as a place to live and work.
Best Neighbourhoods to Invest in Frisco
Here are some of the most desirable and the most affordable communities to invest in in Frisco TX.
Frisco, Texas is home to a number of popular neighborhoods, each with its own unique character and amenities. Here are a few of the most popular neighborhoods in Frisco:
Frisco Lakes is an active adult community that is known for its beautiful homes, scenic views, and recreational amenities, including a golf course and a community center.
West Frisco is a growing and upscale neighborhood that is known for its spacious homes, well-manicured yards, and convenient location near major highways and shopping centers.
Preston Hollow is a prestigious neighborhood in Frisco that is known for its large and luxurious homes, as well as its access to top-rated schools and amenities.
The Colony is a master-planned community in Frisco that is known for its affordable homes, parks, and recreational amenities, including a community pool and tennis courts.
Frisco Heights is a neighborhood in Frisco that offers more affordable housing options compared to other parts of the city, including single-family homes and townhomes.
Financing Information for Frisco Real Estate Investors
If you’re looking for financing, you’ll be glad to learn that JJVM can finance owner-occupied loans for single-family or house hackers’ investments. Such a loan will attract a 20% down payment.