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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $174.71
- 2 Days on Market
- MLS # : 14515546
- Updated Date : 03/06/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,740 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
WONDERFUL single story home in The Greens of McKinney! Nice drive up appeal. Open floor plan provides plenty of room for entertaining family and friends. Master is located on the back; master bath has dual sinks, separate shower, garden tub, large walk-in-closet. Nice sized secondary bedrooms are split from the master. Enjoy the spacious outdoor 15'x9' covered patio, with an open area that extends 33'x7' along the back of the house, and then 18'x6' on the side just past the gate. Very nice! Under counter cabinet lights in the kitchen; walk-in pantry. Recent interior paint and new carpet. Roof has a radiant barrier. Zurn Quick-Port Manifold for water control. Must-see.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Greens of Mckinney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greens of Mckinney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,056 |
| Property Tax | -$573 | |
| Property Insurance | -$128 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$304,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.9% |
| 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
$86,310
LOAN DETAILS
$1,056
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,000 |
| Loan Amount | $228,000 |
3.17
YEARS SAVED
$7,938
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,801
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
713 Golden Nugget Drive Mckinney, TX 4
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,800
- $1.03
-
717 Hardwood Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2006
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,700
- $1.08
-
2929 Dover Drive Mckinney, TX 2
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1997
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,775
- $1.02
-
2824 Dover Drive Mckinney, TX 3
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 1999
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
2917 Dover Drive Mckinney, TX 5
- 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1997
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,850
- $1.06
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515546
Last Updated: 03/06/2021
