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 1999
- Price/Sqft : $165.91
- 2 Days on Market
- MLS # : 14490631
- Updated Date : 12/26/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,350 sqft
- Baths : 3 full
Listing Agent
Linwood Realty, Llc
Listing Agent's Description
This gorgeous property has so much to offer! Sitting on just over an acre, this house allows space while still having the luxury of a subdivision that's not even 15 minutes from downtown McKinney. The most recent updates include new tile, new carpet, fresh paint, new recessed lighting and new landscaping. In addition to the house, there is a huge shop on property that has full electric and a second level with an attached carport that accommodates 2 vehicles. The outdoor cedar pavilion was built to the highest of standards and boasts an outdoor fireplace, refrigerator and plenty of counter space.
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
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$772 | |
| Property Insurance | -$163 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$283
|
||
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.
$389,900
PROJECTED PRICE
$2,190
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$109,074
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
1.5
YEARS SAVED
$3,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,927
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
2200 The Crossings Drive Lowry Crossing, TX 5
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,190
- $0.93
-
334 Magnolia Drive Princeton, TX 1
- 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2017
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,595
- $0.78
-
1223 Arizona Drive Princeton, TX 2
- 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017
LEASED 10/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.81
-
237 Soap Tree Princeton, TX 3
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,775
- $0.82
-
1428 Macnab Drive Princeton, TX 4
- 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2016
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,895
- $0.87
PROPERTY LISTING DETAILS
Linwood Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490631
Last Updated: 12/26/2020
