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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $144.68
- 2 Days on Market
- MLS # : 14476016
- Updated Date : 01/16/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,317 sqft
- Baths : 3 full
Listing Agent
Robert Elliott And Associates
Listing Agent's Description
Incredible 1.5 story home on a HUGE cul-de-sac lot. Zoned to Frisco ISD. Upgrades include hardwood floors, fresh interior and exterior paint, new roof (2019). Private study. Formal dining. Large family room opens to the kitchen & boasts elegant wood floors, fireplace w gas logs & built-in entertainment center. Master suite includes bay windows & luxurious master bath w jetted tub, lrg shower & walk-in closet. Bonus room in front of the master could make a perfect 2nd study or play area. Huge game rm up with full bath & walk-in closet, could be a 4th bedroom! Good size secondary bedrooms. Large pool size backyard w board-on-board fence. Community amenities include pool, hike & bike trail, park etc.
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: Aspendale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aspendale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,667 |
| Property Tax | -$904 | |
| Property Insurance | -$219 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$269
|
||
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.
$479,900
PROJECTED PRICE
$2,690
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.0% |
| 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
$132,924
LOAN DETAILS
$1,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,975 |
| Loan Amount | $359,925 |
1.67
YEARS SAVED
$5,266
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,745
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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3700 Blanco Creek Trail Mckinney, TX 1
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LEASED 02/26/20- Rent
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- $2,450
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LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,600
- $0.80
-
7616 Powder Horn Lane Mckinney, TX 4
- 4 beds 4 baths ∙ 3,373 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,373 Sqft ∙ Built 2006
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,695
- $0.80
-
6816 Gallatin Street Mckinney, TX 5
- 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2016
LEASED 11/22/20- Rent
- Rent Per SQFT
- $3,150
- $0.90
PROPERTY LISTING DETAILS
Robert Elliott And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476016
Last Updated: 01/16/2021
