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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $164.02
- 3 Days on Market
- MLS # : 14508241
- Updated Date : 01/30/2021 at 09:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,890 sqft
- Baths : 2 full
Listing Agent
Flip Your House, Inc
Listing Agent's Description
Stonebridge Community One Story - Here's Your Chance to own This 3 Bedroom, 2 Bath, 2 Car garage with Hard Surface Flooring throughout. Open Kitchen area with Granite Counter Tops, Island with a Breakfast Bar and extra Storage, Double Ovens. Stylish Barn Door separates Living areas for privacy. Private Master suite with a Huge walk-in Closet, separate shower and tub, Dual Sinks and Medicine Cabinet. Large backyard with open patio and Deck and Pergola. Walking distance to Market street plaza, elementary and middle schools. Stonebridge amenities offers pool club, beach and tennis club, trails and lakes. This home is Move-in ready.
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
Neighborhood: Willow Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$584 | |
| Property Insurance | -$136 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$103
|
||
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.
$309,990
PROJECTED PRICE
$1,860
PROJECTED RENT
0.60%
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
$87,897
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,498 |
| Loan Amount | $232,493 |
1.58
YEARS SAVED
$3,325
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,951
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2205 Aberdeen Avenue Mckinney, TX 4
- 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,860
- $0.98
-
2216 Killarney Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1999
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
2300 Aberdeen Avenue Mckinney, TX 2
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,765
- $1.02
-
2000 Aberdeen Avenue Mckinney, TX 3
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2000
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,850
- $1.06
-
2304 Tralee Circle Mckinney, TX 5
- 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2000
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,995
- $1.07
PROPERTY LISTING DETAILS
Flip Your House, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508241
Last Updated: 01/30/2021
