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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $126.63
- 2 Days on Market
- MLS # : 14526271
- Updated Date : 03/06/2021 at 12:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,672 sqft
- Baths : 3 full , 1 half
Listing Agent
Angel Ridge Properties
Listing Agent's Description
This spectacular home features an impeccable design concept by Beazar home. Located in sought-out neighborhood Live Oak Creek. This residence features beautiful hand-scraped floors, an open floor plan, and a gourmet kitchen open to the family room. 1st floor master suite offers a sitting area, his & her walk-in closets. Mud area, laundry, and office downstairs. Upstairs offers 4 bedrooms and a media room. The oversize garage could fit 3 cars. The back yard offers a covered patio. This home is definitely a must-see and have.
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 | $2,750 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$876 | |
| Property Insurance | -$239 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$144
|
||
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.
$465,000
PROJECTED PRICE
$2,750
PROJECTED RENT
0.59%
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
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
2.83
YEARS SAVED
$10,807
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,717
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
2408 Marshbrook Drive Mckinney, TX 3
- 5 beds 4 baths ∙ 3,672 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,672 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $2,750
- $0.75
-
2409 Shenfield Drive Mckinney, TX 1
- 4 beds 4 baths ∙ 3,693 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,693 Sqft ∙ Built 2017
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,600
- $0.70
-
3820 Buchanan Street Mckinney, TX 2
- 5 beds 4 baths ∙ 3,763 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,763 Sqft ∙ Built 2011
![property image]()
LEASED 02/20/20- Rent
- Rent Per SQFT
- $2,695
- $0.72
-
2416 Shenfield Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,615 Sqft ∙ Built 2017
![property image]()
LEASED 03/04/21- Rent
- Rent Per SQFT
- $2,900
- $0.80
PROPERTY LISTING DETAILS
Angel Ridge Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14526271
Last Updated: 03/06/2021
