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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $263.06
- 4 Days on Market
- MLS # : 14516099
- Updated Date : 02/25/2021 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,566 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors-frisco
Listing Agent's Description
Truly one of a kind luxurious custom home situated on an ideal homesite in one of the most unique neighborhoods in the area, which was designed after a European village with cobblestone streets. This exceptional home is meticulously designed with the finest of appointments and attention to detail throughout. Gourmet kitchen features a 6 burner Thermador range, built-in refrigerator and custom designed cabinetry. Private master suite with an elegant and peaceful bath retreat. Relax and entertain in the spacious outdoor living area with breathtaking views of the vineyard. Enjoy the convenience of the location within Stonebridge Ranch. Don't miss this opportunity for a once in a lifetime lifestyle!
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: Adriatica Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Adriatica Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$1,271 | |
| Property Insurance | -$175 | |
| HOA | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,240
|
||
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.
$675,000
PROJECTED PRICE
$2,820
PROJECTED RENT
0.42%
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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
-0.25
YEARS SAVED
-$67
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,820
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,495
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
6901 Dalmatia Drive Mckinney, TX 5
- 3 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,820
- $1.10
-
1713 Quarry Lane Mckinney, TX 1
- 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,428 Sqft ∙ Built 2005
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,295
- $0.95
-
1801 Hackett Creek Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,502 Sqft ∙ Built 2000
LEASED 04/16/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
321 Adonis Circle Mckinney, TX 3
- 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 1999
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,550
- $0.99
-
7408 River Rock Lane Mckinney, TX 4
- 4 beds 4 baths ∙ 2,632 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,632 Sqft ∙ Built 2006
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,600
- $0.99
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors-frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516099
Last Updated: 02/25/2021
