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 1992
- Price/Sqft : $195.95
- 4 Days on Market
- MLS # : 14486642
- Updated Date : 12/20/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,505 sqft
- Baths : 2 full
Listing Agent
Re/max Four Corners
Listing Agent's Description
Gorgeous 3BR,2BA home at an unbeatable price! Contemporary designer finishes & upgrades make this move-in ready. New wood floors, new carpet, fresh paint, updated lighting, updated hardware, vaulted ceilings. Granite countertops, subway tile and stainless steel in updated kitchen. Casual dining area opens to relaxing living room anchored by a painted brick gas fireplace. Dramatic master with modern accent wall is dreamy and sophisticated. Extended patio and established landscaping for year-round outdoor enjoyment. Zoned for highly desirable Glen Oaks, Dowell and Boyd McKinney schools. Terrific location close to everything, plus all the amenities of Stonebridge Ranch! Bring your best offer, this one won't last!
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 | $1,790 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$555 | |
| Property Insurance | -$114 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$137
|
||
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.
$294,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.61%
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
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
1.5
YEARS SAVED
$2,936
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,656
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
5103 Feather Mckinney, TX 3
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $1.19
-
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
-
311 Eagle Point Mckinney, TX 2
- 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1991
![property image]()
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,695
- $1.13
-
604 Pheasant Knoll Mckinney, TX 4
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1991
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,795
- $1.07
-
5121 Feather Mckinney, TX 5
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1992
![property image]()
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,875
- $1.12
PROPERTY LISTING DETAILS
Re/max Four Corners
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486642
Last Updated: 12/20/2020
