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PROPERTY INFO
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
- # 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eldorado Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,890
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,000 |
| Loan Amount | $207,000 |
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
-
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
Ebby Halliday, Realtors Mck
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494097
Last Updated: 01/09/2021
