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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $121.45
- 5 Days on Market
- MLS # : 14495326
- Updated Date : 01/08/2021 at 14:32
CONSTRUCTION
- Beds : 4
- Floor Size : 3,664 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Great home in Village Park - 4 bdrms 3 baths plus huge game room; Updates include composition shingles & gutters replaced in 2019; 2 AC & Heat units interior & exterior replaced in 2018; Hot water heater replaced 2017; Fence replaced 2016; Beautiful handscraped wood floors in foyer, dining, breakfast nook & hallways. Kitchen has tons of cabinet space with upper lighting. Master bedroom is a great size with sitting area. Study plus 2 bedrooms & bathroom off the front. Great covered patio off of the back of the home with a private backyard plus community pool & lake for fishing within the neighborhood. Quick jump to 121 & 75 tons of shopping close as well. All located in Allen ISD!
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: Village Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Village Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$838 | |
| Property Insurance | -$239 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$445,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.8% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
1.5
YEARS SAVED
$4,090
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,830
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
4708 Witten Park Way Mckinney, TX 2
- 4 beds 3 baths ∙ 3,664 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,664 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $2,500
- $0.68
-
4900 Newbridge Drive Mckinney, TX 1
- 5 beds 4 baths ∙ 3,348 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,348 Sqft ∙ Built 2005
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LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,500
- $0.75
-
4504 Jubilee Drive Mckinney, TX 3
- 4 beds 4 baths ∙ 3,718 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,718 Sqft ∙ Built 2014
![property image]()
LEASED 10/10/19- Rent
- Rent Per SQFT
- $2,700
- $0.73
-
5605 Bottiglia Way Mckinney, TX 4
- 5 beds 5 baths ∙ 3,339 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,339 Sqft ∙ Built 2017
![property image]()
LEASED 10/22/19- Rent
- Rent Per SQFT
- $2,800
- $0.84
-
4405 Jubilee Drive Mckinney, TX 5
- 5 beds 4 baths ∙ 3,630 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,630 Sqft ∙ Built 2014
![property image]()
LEASED 03/04/20- Rent
- Rent Per SQFT
- $2,800
- $0.77
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495326
Last Updated: 01/08/2021
