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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $156.74
- 3 Days on Market
- MLS # : 14488320
- Updated Date : 12/19/2020 at 17:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,595 sqft
- Baths : 2 full
Listing Agent
R.o. Strong Realty Group
Listing Agent's Description
3-2-2 in pristine condition! Tiled foyer opens to large living room with wood laminate flooring, fan, and corner brick fireplace with mantle and hearth. Open & spacious kitchen with bar, breakfast area, & walk-in pantry. Split master suite with wood laminate, walk-closet, view to backyard & bathroom with garden tub, shower, double vanity. Large secondary bedrooms, each with wood laminate floors. New AC, Heating Unit. New upgrades throughout. Large backyard. Come see this gem! BUYER to verify room dimensions and schools if necessary. The Listing Agent is not responsible for this information. Refer to the seller's disclosure on updates, COMING SOON! Jan 2nd
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: High Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: High Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$471 | |
| Property Insurance | -$119 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$40
|
||
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.
$250,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.9% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
4
YEARS SAVED
$11,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,587
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2614 Hidden Valley Drive Mckinney, TX 2
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $1.00
-
2725 Prairie Creek Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999
![property image]()
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
2612 Caprock Road Mckinney, TX 3
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
2607 Mountain View Drive Mckinney, TX 4
- 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1999
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
-
2609 Hidden Valley Mckinney, TX 5
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1999
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,695
- $1.06
PROPERTY LISTING DETAILS
R.o. Strong Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488320
Last Updated: 12/19/2020
