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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $154.65
- 2 Days on Market
- MLS # : 14509598
- Updated Date : 01/30/2021 at 17:10
CONSTRUCTION
- Beds : 5
- Floor Size : 2,968 sqft
- Baths : 2 full , 1 half
Listing Agent
Dfw Home
Listing Agent's Description
Upscale 5-bed custom home in Stonebridge Ranch. Hardwood throughout 1st floor. Fresh new paint and new carpet. Iron blaster staircase with wood step. Upgraded kitchen with SS appliances, granite counter, and new 5-burner gas cooktop and range hood. Jacuzzi in master. All bathes with granite c-tops. Large utility with sink. Large backyard can build pool. Double patios on backyard. HOA includes club house, swimming pools, tennis & basketball courts. Front yard is maintained by HOA.
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: Village of Ballantrae
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village of Ballantrae
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,594 |
| Property Tax | -$864 | |
| Property Insurance | -$199 | |
| HOA | -$96 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$459,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.1% |
| 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
$127,385
LOAN DETAILS
$1,594
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
1.67
YEARS SAVED
$5,142
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,560
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
103 Royal Aberdeen Way Mckinney, TX 4
- 5 beds 3 baths ∙ 2,968 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,968 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,600
- $0.88
-
7604 Shasta Drive Mckinney, TX 1
- 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2005
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,095
- $0.80
-
1612 Country Walk Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.89
-
419 Scarlet Drive Mckinney, TX 3
- 4 beds 4 baths ∙ 2,967 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,967 Sqft ∙ Built 1999
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,600
- $0.88
-
8512 Old Hickory Lane Mckinney, TX 5
- 4 beds 4 baths ∙ 3,057 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,057 Sqft ∙ Built 2002
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,700
- $0.88
PROPERTY LISTING DETAILS
Dfw Home
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509598
Last Updated: 01/30/2021
