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 2015
- Price/Sqft : $127.74
- 3 Days on Market
- MLS # : 14496591
- Updated Date : 01/15/2021 at 12:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,014 sqft
- Baths : 3 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
WELCOME HOME! Located in The Reserve at Westridge. Front door has beautiful iron detail. The kitchen features stunning granite countertops, a huge island that is perfect for gatherings, stainless steel appliances and lots of storage space. Walk-in pantry sits off the kitchen. Huge Master bedroom with a large walk-in closet. Upstairs is a gameroom, a media room, 3 additional bedrooms and 2 bathrooms. Each bathroom has a linen closet in the hallway. Good size backyard with a dog run off to the side that has access to the garage. The community features a waterpark and park.
SEE MORE
- # 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: 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 | $2,520 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$729 | |
| Property Insurance | -$201 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$95
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$384,999
PROJECTED PRICE
$2,520
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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 | $288,749 |
4.17
YEARS SAVED
$15,416
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,520
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,524
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
10520 Wagon Wheel Way Mckinney, TX 4
- 4 beds 4 baths ∙ 3,014 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,014 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,520
- $0.84
-
10716 Craven Street Mckinney, TX 1
- 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2017
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,400
- $0.79
-
712 Packhorse Drive Mckinney, TX 2
- 4 beds 4 baths ∙ 2,817 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,817 Sqft ∙ Built 2014
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
-
10405 Jackson Hole Lane Mckinney, TX 3
- 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,029 Sqft ∙ Built 2015
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,500
- $0.83
-
10721 Troutt Drive Mckinney, TX 5
- 4 beds 4 baths ∙ 3,050 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,050 Sqft ∙ Built 2016
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,550
- $0.84
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496591
Last Updated: 01/15/2021
