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

1207 Greenbriar Lane Mckinney, TX 75069

3 Beds 2 Baths 1,820 sqft Built 1996

$276,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $151.65
  • 4 Days on Market
  • MLS # : 14494097
  • Updated Date : 01/09/2021 at 15:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors Mck

Listing Agent's Description

This immaculate one-story leaves nothing undone. Pristine and manicured inside and out. Bright and open with sunny views of the over-sized patio and trimmed yard. Tile and carpet throughout. Engineered flooring in master bedroom. Ready for occupancy. Conveniently located near shopping, schools and services. Easy Metroplex access via US75 and Sam Rayburn. No need to preview. Won't last. Show and sell. MUTIPLE OFERS. Submit all offers by 3:00 P M Sunday January 10.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Eldorado Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k344k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Eldorado Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9652171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Malvern Elementary School Primary Regular 540 42 3
Faubion Middle School Middle Regular 976 64 7
Mckinney High School High Regular 2,486 148 7

Malvern Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 42
3
GreatSchools Rating

Faubion Middle School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 64
7
GreatSchools Rating

Mckinney High School

  • Education Level: High
  • # of students: 2,486
  • # of teachers: 148
7
GreatSchools Rating
 

$248,400$303,600$276,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$959
Property Tax -$520
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$70

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.

$276,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,890

INVESTMENT

$78,890

Down Payment
$69,000
Rehab Estimate
$5,750
Closing Costs
$4,140

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,000
Loan Amount $207,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,185

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,780

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,797

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7804$1,7955$1,845
$1,845
RENT COMPS ANALYSIS
  • 1207 Greenbriar Lane Mckinney, TX 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.98
    •  
  • 1404 Courtland Lane Mckinney, TX 1
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 2708 Berry Mckinney, TX 2
    • 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1998
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2824 Dover Drive Mckinney, TX 4
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 1027 Ridgecrest Drive Mckinney, TX 5
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1996
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.98
    •  
PROPERTY LISTING DETAILS
Helen Coleman
Ebby Halliday, Realtors Mck
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494097
Last Updated: 01/09/2021
BESbswy