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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $120.80
- 3 Days on Market
- MLS # : 14474746
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,683 sqft
- Baths : 4 full
Listing Agent
Ebby Halliday, Allen-fairview-
Listing Agent's Description
Beautiful former MODEL HOME. If you love to entertain and want a low maintenance bkyard, this is it! HUGE outdoor kitchen & living space complete with putting green. Watch your fav sport and practice your golf game while you fire up the grill. BEST OF ALL WORLDS! Use your weekends to relax & enjoy! Handsome study just off entry features nail-dwn wood flrs and lovely built-ins. Kitchen is beautifully updated and opens to the living rm. Quartz c'tops & stainless applnces. Master suite is downstrs boasting vaulted ceilings & plantation shutters. M-bath features XL walk-in shower. 2 full baths down+2 full baths up. 3 beds with game+media rms upstairs. Media screen & equip stay. Don't miss the HUGE walk-in attic.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Spring Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,641 |
| Property Tax | -$838 | |
| Property Insurance | -$240 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$340
|
||
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.
$444,900
PROJECTED PRICE
$2,540
PROJECTED RENT
0.57%
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
$123,649
LOAN DETAILS
$1,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,225 |
| Loan Amount | $333,675 |
0.5
YEARS SAVED
$1,046
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,532
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
1601 Willow Lane Mckinney, TX 5
- 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $2,540
- $0.69
-
7104 Mornington Drive Mckinney, TX 1
- 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 2003
![property image]()
LEASED 01/07/20- Rent
- Rent Per SQFT
- $2,400
- $0.70
-
4906 Pecan Hill Mckinney, TX 2
- 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 1993
![property image]()
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,400
- $0.69
-
5917 Spring Hill Drive Mckinney, TX 3
- 4 beds 3 baths ∙ 3,750 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,750 Sqft ∙ Built 1992
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,450
- $0.65
-
6824 Ravenwood Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 3,498 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,498 Sqft ∙ Built 2002
![property image]()
LEASED 06/09/19- Rent
- Rent Per SQFT
- $2,500
- $0.71
PROPERTY LISTING DETAILS
Ebby Halliday, Allen-fairview-
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474746
Last Updated: 11/20/2020
