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

6901 Dalmatia Drive Mckinney, TX 75072

3 Beds 3 Baths 2,566 sqft Built 2016

$675,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • . 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $123k684k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Adriatica Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264156

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Glen Oaks Elementary School Primary Regular 481 30 10
Dowell Middle School Middle Regular 1,092 72 9
Mckinney Boyd High School High Regular 2,881 169 8

Glen Oaks Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 30
10
GreatSchools Rating

Dowell Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 72
9
GreatSchools Rating

Mckinney Boyd High School

  • Education Level: High
  • # of students: 2,881
  • # of teachers: 169
8
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

-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
$2,295
1$2,2952$2,4003$2,5504$2,6005$2,820
$2,820
RENT COMPS ANALYSIS
  • 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
Janice Berg
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516099
Last Updated: 02/25/2021
BESbswy