Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $189.59
- 4 Days on Market
- MLS # : 14492289
- Updated Date : 01/15/2021 at 10:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,345 sqft
- Baths : 2 full
Listing Agent
Joe Cloud & Associates
Listing Agent's Description
**Multiple offers received. Please submit highest & best by 8pm Friday** You'll love this cute single-story home in highly desirable Quail Creek in Stonebridge Ranch! The spacious family room features a cozy fireplace & offers plenty of space for your family to relax & unwind. Kitchen features white cabinets, built-in microwave, oven, dishwasher & great bay windows overlooking the front yard, allowing lots of natural light. The owner's retreat is split from other bedrooms for privacy & has ensuite bath. Lovely covered flagstone patio out back is a perfect spot for your morning cup of coffee. Enjoy fabulous Stonebridge Ranch amenities! Fresh paint throughout the home. Trane HVAC system replaced in 2016.
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: Quail Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$480 | |
| Property Insurance | -$105 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$33
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$255,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 2.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
3.58
YEARS SAVED
$8,513
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$1,503
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
5015 Falcon Hollow Road Mckinney, TX 3
- 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $1.24
-
5107 Feather Mckinney, TX 1
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1993
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,650
- $1.08
-
5433 Devils River Drive Mckinney, TX 2
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 2003
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,650
- $1.09
-
5313 Still Canyon Drive Mckinney, TX 4
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2003
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,695
- $1.12
-
5105 Hawks Nest Mckinney, TX 5
- 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1993
![property image]()
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,800
- $1.18
PROPERTY LISTING DETAILS
Joe Cloud & Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492289
Last Updated: 01/15/2021
