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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $165.51
- 2 Days on Market
- MLS # : 14501005
- Updated Date : 01/15/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,873 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Sharp and move-in ready in Craig Ranch, feeding into Frisco ISD! Fresh interior paint, new carpet, designer lighting and so much more in this three bedroom home. Open kitchen with granite counters, gas cooktop, island and backsplash with designer tile inlay. Spacious primary bedroom offers a large bath and massive walk-in closet. Split bedroom layout, plus the wonderful flex space at the front of the home - which can serve as a formal dining area, study or exercise room - offers a very functional floor plan for entertaining and everyday living. Community pool, jogging path. Truly a must-see home, and will not last. Online tour available. Open Sunday, 1-17-2021 from 2-4 PM; masks required.
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: Craig Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Craig Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$584 | |
| Property Insurance | -$135 | |
| HOA | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$310,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.9% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
2.92
YEARS SAVED
$7,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,882
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
3613 Lone Mountain Trail Mckinney, TX 1
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,840
- $0.98
-
7804 Laughing Waters Trail Mckinney, TX 2
- 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.96
-
3632 Vista Verde Trail Mckinney, TX 3
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2006
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,890
- $1.05
-
8109 Laughing Waters Trail Mckinney, TX 4
- 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,900
- $0.99
-
3705 Carmel Mountain Drive Mckinney, TX 5
- 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2006
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,950
- $1.02
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501005
Last Updated: 01/15/2021
