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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $199.68
- 3 Days on Market
- MLS # : 14504652
- Updated Date : 01/22/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,252 sqft
- Baths : 2 full
Listing Agent
Jp & Associates Plano
Listing Agent's Description
Beautiful, renovated tastefully is located in the highly desired subdivision of Seville Of The Highlands. This cute one story home has a fabulous open concept layout and plenty of space inside and outside for a first time buyer or an investor. Natural light and neutral modern color throughout the house. This house is a must see, hurry before its gone!
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: Seville of the Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seville of the Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$471 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$42
|
||
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.
$249,999
PROJECTED PRICE
$1,580
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.0% |
| 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
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,499 |
5.5
YEARS SAVED
$14,984
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,396
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
4411 Cordova Lane Mckinney, TX 2
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,580
- $1.26
-
3105 Westview Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1999
LEASED 09/07/20- Rent
- Rent Per SQFT
- $1,550
- $1.13
-
4510 Highlands Drive Mckinney, TX 3
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1996
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,650
- $1.08
-
4206 Buena Vista Lane Mckinney, TX 4
- 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1993
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,650
- $1.11
-
4434 Santa Fe Lane Mckinney, TX 5
- 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1994
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,695
- $1.14
PROPERTY LISTING DETAILS
Jp & Associates Plano
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504652
Last Updated: 01/22/2021
