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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $205.35
- 4 Days on Market
- MLS # : 14521650
- Updated Date : 02/28/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,727 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Prosper Celina
Listing Agent's Description
Beautiful home in Charming Tucker Hill. Community is full of character w large front porches, gorgeous spring landscapes, fabulous amenities and a real sense of community with year round activities including concerts in the park, coffee on the porch, parades, cooking classes, lunch & learn, book club, etc. This elegant home is complete w hardwood floors, plantation shutters and warm colors. Kitchen features gas cooktop, microwave, granite counters w stone back splash, large island, custom lighting, ss appliances & custom cabinets. Yard features a relaxing patio, gorgeous spring thru fall gardens. Other upgrades include epoxy coated extended garage, two water heaters, Great location in Prosper School District!
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: Tucker Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tucker Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,945 |
| Property Tax | -$1,055 | |
| Property Insurance | -$185 | |
| HOA | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$947
|
||
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.
$560,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 3.3% |
| 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
$154,150
LOAN DETAILS
$1,945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
-0.08
YEARS SAVED
-$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,461
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2309 Pearl Street Mckinney, TX 2
- 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,470
- $0.91
-
1404 Union Court Mckinney, TX 1
- 3 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003
LEASED 12/27/19- Rent
- Rent Per SQFT
- $2,245
- $0.80
-
1612 Country Walk Drive Mckinney, TX 3
- 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2005
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.89
-
1309 Patriotic Lane Mckinney, TX 4
- 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2006
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,725
- $0.95
-
7716 Harvest Hill Lane Mckinney, TX 5
- 4 beds 4 baths ∙ 2,849 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,849 Sqft ∙ Built 2011
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,750
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Prosper Celina
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521650
Last Updated: 02/28/2021
