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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $173.97
- 2 Days on Market
- MLS # : 14508447
- Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,880 sqft
- Baths : 4 full , 1 half
Listing Agent
Fraser Realty
Listing Agent's Description
Stunning Darling Custom home on corner lot with gorgeous outdoor living space! This home features an updated kitchen with subzero fridge, a bedroom en suite on the first floor with separate entrance, 2 living areas down, private office with wine fridge off master. media room with wet bar, game room, large master bedroom with walk out to back patio, 3 car garage with epoxy floors, custom cabinetry and insulated doors, granite counters in all bathrooms, central vac system and so much more! Don't miss your chance to see it!
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: Lakeside Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,910 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$1,271 | |
| Property Insurance | -$251 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,124
|
||
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
$2,910
PROJECTED RENT
0.43%
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 |
-0.17
YEARS SAVED
-$39
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,910
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$3,114
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
6912 Boulder Lake Road Mckinney, TX 2
- 4 beds 5 baths ∙ 3,880 Sqft ∙ Built 2001 4 beds 5 baths ∙ 3,880 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $2,910
- $0.75
-
417 Maple Leaf Lane Mckinney, TX 1
- 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,824 Sqft ∙ Built 2002
![property image]()
LEASED 09/11/19- Rent
- Rent Per SQFT
- $2,895
- $0.76
-
1508 Woodhaven Drive Mckinney, TX 3
- 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,962 Sqft ∙ Built 2000
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $3,050
- $0.77
-
7900 Linksview Drive Mckinney, TX 4
- 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $3,100
- $0.81
-
910 Parkwood Court Mckinney, TX 5
- 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 4 baths ∙ 4,012 Sqft ∙ Built 1994
![property image]()
LEASED 06/13/20- Rent
- Rent Per SQFT
- $3,500
- $0.87
PROPERTY LISTING DETAILS
Fraser Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508447
Last Updated: 01/29/2021
