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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $134.41
- 6 Days on Market
- MLS # : 14486799
- Updated Date : 12/18/2020 at 13:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,418 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Welcome to this beautiful Craig Ranch home! This bright and open home with gorgeous hardwood floors, spacious kitchen with granite counters and stainless steel appliances is perfect for hosting friends and family. The master suite is downstairs with double sinks, soaker tub, separate shower and large closet. The upstairs features a spacious game room, 3 bedrooms and full bathroom. Great storage throughout the home! The backyard has a privacy fence and covered patio to enjoy your evenings. Just outside your front door is a great green space, but also enjoy the pool, parks and trails in the neighborhood. Easy access to highways, new APEX center, shopping, dining and more.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Craig Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Craig Ranch North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$612 | |
| Property Insurance | -$167 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$325,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.9% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
3.5
YEARS SAVED
$12,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,886
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
7617 Double Diamond Trail Mckinney, TX 5
- 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,050
- $0.85
-
7900 Laughing Waters Trail Mckinney, TX 1
- 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2005
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.78
-
3628 Vista Verde Trail Mckinney, TX 2
- 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2006
LEASED 03/08/20- Rent
- Rent Per SQFT
- $1,850
- $0.75
-
3636 Temecula Creek Trail Mckinney, TX 3
- 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,335 Sqft ∙ Built 2005
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
7604 Loma Alta Trail Mckinney, TX 4
- 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,000
- $0.78
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14486799
Last Updated: 12/18/2020
