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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $154.04
- 4 Days on Market
- MLS # : 14469818
- Updated Date : 11/20/2020 at 05:09
CONSTRUCTION
- Beds : 3
- Floor Size : 2,759 sqft
- Baths : 2 full , 2 half
Listing Agent
Re/max Dallas Suburbs
Listing Agent's Description
Immaculate 1.5 story home in gated section of Auburn Hills - highly acclaimed Prosper ISD schools! 3 bedrooms plus a study down & bonus room up. Kitchen features large island, 5 burner gas cooktop, custom 42 in white cabinets, stainless steel appliances & subway tile. Expansive hardwood floors, designer lighting, mud room & cast stone fireplace with gas logs. Private master suite with sitting area, luxurious bath including granite countertops, framed mirrors, separate tub, large shower & huge closet. Backyard has extended patio, trees, & plenty of room for a pool. Energy efficient radiant barrier & windows, tankless water heater & more. Convenient location plus 2 community pools, park, pond, & hike bike trails.
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 | $2,200 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$800 | |
| Property Insurance | -$187 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$579
|
||
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.
$425,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.52%
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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
0.17
YEARS SAVED
$63
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,242
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
2408 Triton Drive Mckinney, TX 2
- 3 beds 4 baths ∙ 2,759 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,759 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,200
- $0.80
-
5241 Bear Valley Drive Mckinney, TX 1
- 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2009
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
5701 Port Vale Drive Mckinney, TX 3
- 3 beds 3 baths ∙ 2,787 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,787 Sqft ∙ Built 2018
LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,300
- $0.83
-
3100 Crossridge Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,954 Sqft ∙ Built 2006
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,300
- $0.78
-
2625 Strand Lane Mckinney, TX 5
- 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 2019
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,500
- $0.92
PROPERTY LISTING DETAILS
Re/max Dallas Suburbs
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469818
Last Updated: 11/20/2020
