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 2018
- Price/Sqft : $204.76
- 3 Days on Market
- MLS # : 14474528
- Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,564 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors Mck
Listing Agent's Description
Secluded & quiet home located on a cul-de-sac w green belts, creeks front & back. One story Drees Custom Home features an open floor plan w a grand entrance. The island kitchen boasts beautiful shaker style cabinetry w 5 burner gas cooktop, large pullout drawers, granite countertops. Home features an inviting covered, outdoor living area along a green belt w gas supply line. The large family room has plenty of cabinets, broom closet & laundry sink. 3 car garage has an eco friendly floors & overhead garage door storage. Energy efficient home, Low E windows, radiant barrier, tankless water heater & a whole house water filtration system. This home is a must see !! So many extra features, too many to list.
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: McKinney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McKinney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$989 | |
| Property Insurance | -$175 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,102
|
||
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.
$525,000
PROJECTED PRICE
$2,140
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.3% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
-0.17
YEARS SAVED
-$47
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,878
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
2208 Watermark Place Mckinney, TX 5
- 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,140
- $0.83
-
2600 Lake Meadow Drive Mckinney, TX 1
- 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 2002
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,850
- $0.71
-
3308 Timber Ridge Trail Mckinney, TX 2
- 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2005
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,875
- $0.74
-
2837 Bentwood Way Mckinney, TX 3
- 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,640 Sqft ∙ Built 2005
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,895
- $0.72
-
3608 Foxfield Trail Mckinney, TX 4
- 4 beds 4 baths ∙ 2,626 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,626 Sqft ∙ Built 2007
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,995
- $0.76
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors Mck
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474528
Last Updated: 11/22/2020
