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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $145.29
- 2 Days on Market
- MLS # : 14496916
- Updated Date : 01/09/2021 at 08:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,581 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Highland home within the Glenoaks, Dowell, Boyd school zone, with original owners has been lovingly cared for, this 4 bed, 2.1 bath with media or game and home office features, hardwood floors throughout majority of lower level, extensive covered back patio with stone fireplace, iron balusters, designer paint, stainless steel appliances, ORB door handles throughout, granite, 5 burner gas cook top, large kitchen island, new roof in 2018, custom office located on upper level, gas log fireplace, frameless master shower, all new plumbing fixtures, brand new water heater, wood fence with steel posts, decked attic over garage for added storage plus outdoor shed and raised bed garden. Hurry this won't last long!
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: Enclave at Stonebridge Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enclave at Stonebridge Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$706 | |
| Property Insurance | -$176 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$232
|
||
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.
$375,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.56%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
0.67
YEARS SAVED
$1,231
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,104
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5404 Pebble Court Mckinney, TX 3
- 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.81
-
5304 Sandstone Lane Mckinney, TX 1
- 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,391 Sqft ∙ Built 2005
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LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,900
- $0.79
-
5309 Comanche Wells Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 2004
![property image]()
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,000
- $0.77
-
5120 Stonecrest Drive Mckinney, TX 4
- 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2000
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
5011 Enclave Court Mckinney, TX 5
- 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
![property image]()
LEASED 07/26/20- Rent
- Rent Per SQFT
- $2,250
- $0.86
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496916
Last Updated: 01/09/2021
