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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $170.85
- 4 Days on Market
- MLS # : 14515237
- Updated Date : 02/12/2021 at 09:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,873 sqft
- Baths : 2 full
Listing Agent
Keller Williams Frisco Stars
Listing Agent's Description
Meticulously maintained home - tons of updates & split floorplan with separation of bedrooms. Beautiful walnut engineered wood throughout. Gorgeous light & bright kitchen. Open, spacious living area with wall of windows overlooking backyard & gas fireplace with glass enclosure. Fantastic owner suite with luxurious bath boasts updated dual sinks, double head shower & body sprays, and huge walk in closet. Flex space at front of home could be office or exercise room. Relaxing backyard with board on board fence, and large stamped concrete patio - great entertaining space. Prime location near major highways, shopping and dining. Quiet neighborhood with great amenities. See Supplements for full list of updates!
SEE MORE
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Saddle Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saddle Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$603 | |
| Property Insurance | -$135 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$24
|
||
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.
$320,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.4% |
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
4.08
YEARS SAVED
$12,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,976
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
5904 Saddle Club Trail Mckinney, TX 4
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,980
- $1.06
-
4300 Mesa Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2009
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,800
- $1.06
-
5705 Broken Spur Mckinney, TX 2
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2006
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
5700 Broken Spur Mckinney, TX 3
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2007
![property image]()
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
-
4200 Mesa Drive Mckinney, TX 5
- 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,976 Sqft ∙ Built 2008
![property image]()
LEASED 02/02/21- Rent
- Rent Per SQFT
- $2,100
- $1.06
PROPERTY LISTING DETAILS
Keller Williams Frisco Stars
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515237
Last Updated: 02/12/2021
