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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $136.99
- 4 Days on Market
- MLS # : 14492911
- Updated Date : 01/09/2021 at 12:01
CONSTRUCTION
- Beds : 4
- Floor Size : 3,277 sqft
- Baths : 3 full , 1 half
Listing Agent
Lake Kiowa Premiere Real Estate
Listing Agent's Description
Beautiful, 2-Story Stonebridge Ranch home with 4 Bdrms, 3 full baths, and half bath. Recent kitchen remodel and upgrade with new SS appliances and quartz counters. Wood flooring throughout 1st floor. 3 BR's, 2 BA’s, Game and Media rooms up, Master down. Large walk-in closet in Master, plus garden tub and dual sinks W separate shower, new interior paint in most areas. Nicely landscaped yard W new built-in outdoor kitchen, incl gas BBQ, new roof and new wood fence in last 3 yrs.. Walk to Stonebridge Ranch CC just minutes away. McKinney schools, convenient shopping, restaurants, and services nearby.
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: Spring Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Hill
* 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 | -$1,559 |
| Property Tax | -$845 | |
| Property Insurance | -$217 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$290
|
||
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.
$448,900
PROJECTED PRICE
$2,500
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
$124,709
LOAN DETAILS
$1,559
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,225 |
| Loan Amount | $336,675 |
0.67
YEARS SAVED
$1,169
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 -
$0.76
LIST RENT PER SQFT
-
$2,613
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
5606 Hillview Court Mckinney, TX 3
- 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,500
- $0.76
-
2648 Dunbar Drive Mckinney, TX 1
- 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 2003
![property image]()
LEASED 11/21/20- Rent
- Rent Per SQFT
- $2,200
- $0.74
-
1520 Timber Edge Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 3,281 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,281 Sqft ∙ Built 1993
![property image]()
LEASED 12/28/20- Rent
- Rent Per SQFT
- $2,300
- $0.70
-
5421 N Briar Ridge Circle Mckinney, TX 4
- 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 1991
![property image]()
LEASED 11/02/19- Rent
- Rent Per SQFT
- $2,750
- $0.87
-
6717 Stony Hill Road Mckinney, TX 5
- 4 beds 3 baths ∙ 3,176 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,176 Sqft ∙ Built 2002
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $2,800
- $0.88
PROPERTY LISTING DETAILS
Lake Kiowa Premiere Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492911
Last Updated: 01/09/2021
