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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $129.52
- 5 Days on Market
- MLS # : 14486472
- Updated Date : 12/16/2020 at 11:04
CONSTRUCTION
- Beds : 5
- Floor Size : 3,320 sqft
- Baths : 4 full
Listing Agent
Home At Last Realty
Listing Agent's Description
Lots of recent updates on this Beautiful 2 story home with 5 beds, 4 baths plus 3 car garage. Featuring open concept living, dining and kitchen area great for entertaining. Spacious chef’s kitchen, with plenty of counter space and beautiful granite countertops, island, breakfast bar, ample cabinetry and separate dining. Formal dining off front entry way, first floor laundry, and guest bedroom on this level as well. The first floor master bedroom is spacious with spa style bathroom including garden tub, shower, dual vanity sinks and walk-in closet. Upstairs there’s a large game room, with 3 additional bedrooms and 2 full baths. The backyard has a heated pool and separate spa great for relaxing any time of year.
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: Pine Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pine Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$1,587 |
| Property Tax | -$810 | |
| Property Insurance | -$219 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$183
|
||
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.
$430,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.1% |
| 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
$119,700
LOAN DETAILS
$1,587
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
2.5
YEARS SAVED
$10,338
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,498
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
3301 Hemlock Lane Mckinney, TX 5
- 5 beds 4 baths ∙ 3,320 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,320 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,560
- $0.77
-
5916 Sidney Lane Mckinney, TX 1
- 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2003
LEASED 08/25/19- Rent
- Rent Per SQFT
- $2,200
- $0.73
-
4906 Pecan Hill Mckinney, TX 2
- 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,488 Sqft ∙ Built 1993
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,400
- $0.69
-
5600 Briar Ridge Circle Mckinney, TX 3
- 4 beds 4 baths ∙ 3,018 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,018 Sqft ∙ Built 1993
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,400
- $0.80
-
6400 Eaglestone Drive Mckinney, TX 4
- 4 beds 3 baths ∙ 3,182 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,182 Sqft ∙ Built 2005
LEASED 08/16/20- Rent
- Rent Per SQFT
- $2,500
- $0.79
PROPERTY LISTING DETAILS
Home At Last Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486472
Last Updated: 12/16/2020
