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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $159.24
- 2 Days on Market
- MLS # : 14536883
- Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,132 sqft
- Baths : 2 full
Listing Agent
Fife & Associates Realty, Llc
Listing Agent's Description
Perfect location! Walking distance to schools, near community pool and playground, large backyard with views of a small creek. Enjoy an open floor plan, large master secluded from secondary bedrooms, master bathroom has dual sinks and garden tub, upstairs has 4th bedroom with an open living area which could be turned into a media room. as well as nook for your office or home schooling.
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: Villages of Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Lake Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,179 |
| Property Tax | -$639 | |
| Property Insurance | -$150 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$166
|
||
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.
$339,500
PROJECTED PRICE
$1,940
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| 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
$95,718
LOAN DETAILS
$1,179
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,875 |
| Loan Amount | $254,625 |
2.17
YEARS SAVED
$5,172
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
405 N Village Drive Mckinney, TX 4
- 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,940
- $0.91
-
5421 Still Canyon Drive Mckinney, TX 1
- 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2003
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.86
-
5013 Stonecrest Drive Mckinney, TX 2
- 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2003
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,800
- $0.93
-
5120 Grampian Mckinney, TX 3
- 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2000
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,895
- $0.84
-
5016 Grampian Way Mckinney, TX 5
- 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,013 Sqft ∙ Built 1999
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,950
- $0.97
PROPERTY LISTING DETAILS
Fife & Associates Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536883
Last Updated: 03/20/2021
