On January 11, 2023 Universal Parks and Resorts announced their plan to build a one-of-a-kind theme park, unlike any other in the world, specifically designed to inspire fun for families with young children. The park is estimated to draw 7,500 guests on weekdays and 20,000 on weekends and its arrival will certainly draw more development, businesses and workers to the Frisco area. This is good news for investors as property appreciation continues, and the demand for short or long term rentals increases.
The average short term rental in Frisco currently rents at $225 a night and holds a 64% occupancy rate, and will gross about $4,500 a month. A home purchased for $400k with 20% down equates to roughly $2,300 a month in loan payments (20 year 6% fixed). This leaves great potential to earn monthly income, gain appreciation, while taking advantage of tax benefit of depreciation. Areas near other Universal Parks have even higher occupancy and daily rates, if the Frisco market follows the trend, there is even greater opportunity to build wealth!
If you would like more information or would like to see any of the homes below under $500k, I'm here to help!
Properties marked by the NTREIS Logo are courtesy of the NTREIS Multiple Listing Service. Property listing data provided by NTREIS multiple listing service. You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Updated: 30th November, 2023 7:51 AM (UTC)
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MLS #ROGE01Steavy Carter Realtor - Dallas and Rockwall, Texas