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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $167.98
- 4 Days on Market
- MLS # : 14507819
- Updated Date : 01/29/2021 at 16:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,292 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Central
Listing Agent's Description
Open House Sat & Sun CANCELLED - Gorgeous home located on corner lot in sought after Highlands At Westridge in Prosper ISD! Just 3 years NEW plus builder warranty! Wood floors & vaulted ceiling welcomes you home! Fabulous open kitchen has SS appl, granite counters, breakfast bar, plenty of cabinet space, pantry & separate dining. Living has gas log fp & great windows. First floor master has luxurious bath, garden tub, sep shower, dual sinks & large walk-in closet. Second floor offers so much space! Addl master with private bath & two more spacious beds with jack & jill bath. Peaceful backyard with beautiful pergola & stained patio. Other great features include central vac, sprinkler, gutters & holiday outlets.
SEE MORE
- . 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: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$725 | |
| Property Insurance | -$160 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$183
|
||
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.
$385,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
2.17
YEARS SAVED
$5,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,166
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
10100 Barstow Way Mckinney, TX 2
- 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,292 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,200
- $0.96
-
10052 Eagle Pass Place Mckinney, TX 1
- 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 2018
LEASED 04/27/20- Rent
- Rent Per SQFT
- $2,050
- $0.92
-
10128 Horseshoe Lane Mckinney, TX 3
- 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,300
- $0.93
-
221 Sandy Creek Way Mckinney, TX 4
- 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
LEASED 12/14/20- Rent
- Rent Per SQFT
- $2,350
- $0.95
-
10017 Eagle Pass Place Mckinney, TX 5
- 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2018
LEASED 10/17/20- Rent
- Rent Per SQFT
- $2,399
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507819
Last Updated: 01/29/2021
