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

2215 Yorktown Drive Melissa, TX 75454

3 Beds 3 Baths 2,339 sqft Built 2017

INVESTimate

$334,900

List Price

$2,070

$1,863 - $2,277

Rent Est.

$359,113  ( +7.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $143.18
  • 5 Days on Market
  • MLS # : 14417452
  • Updated Date : 08/24/2020 at 16:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,339 sqft
  • Baths : 3 full
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

You will love coming home to this STRIKINGLY STUNNING and LOADED WITH EXTRAS residence gently nestled in the premier & rich in amenities Liberty complete with resort style pools, splash park, ball courts, playgrounds, parks and serviced by highly sought after schools. The floorplan is opulently spacious and flows effortlessly boasting the magnificent chef & enterinaters delight gourmet kitchen adorned with gorgeous cabinetry, gas stove, double ovens & large island that opens to dining & living areas - making it a favorite gathering place for all! Spacious Master Retreat with dreamy bath incl oversized shower. Office with french doors also makes a perfect media or playroom or 4th BR when needed. Finest finishes!

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 75454

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75454

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10952171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Harry Mckillop Elementary School Primary Regular 718 41 9
Melissa Middle School Middle Regular 331 21 10
Melissa High School High Regular 583 35 8

Harry Mckillop Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 41
9
GreatSchools Rating

Melissa Middle School

  • Education Level: Middle
  • # of students: 331
  • # of teachers: 21
10
GreatSchools Rating

Melissa High School

  • Education Level: High
  • # of students: 583
  • # of teachers: 35
8
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,236
Property Tax -$679
Property Insurance -$162
HOA -$50
Property Management Fees -$99
CASH FLOW
-$156

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.

$334,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.23%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,905

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,070

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,076

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,998
1$1,9982$2,0003$2,0454$2,0705$2,195
$2,195
RENT COMPS ANALYSIS
  • 2215 Yorktown Drive Melissa, TX 4
    • 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.88
    •  
  • 2311 Patriot Drive Melissa, TX 1
    • 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,300 Sqft ∙ Built 2014
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $0.87
    •  
  • 2203 Patriot Drive Melissa, TX 2
    • 3 beds 2 baths ∙ 2,305 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,305 Sqft ∙ Built 2014
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2607 Jackson Drive Melissa, TX 3
    • 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2007
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.85
    •  
  • 3513 Camden Drive Melissa, TX 5
    • 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,282 Sqft ∙ Built 2017
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
PROPERTY LISTING DETAILS
Anastasia Riley
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417452
Last Updated: 08/24/2020
BESbswy