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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $176.47
- 2 Days on Market
- MLS # : 14488771
- Updated Date : 12/19/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,360 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
Well maintained one story home in McKinney! Master bedroom features dual sinks & garden tub w separate shower! Lot features matured trees and a large backyard. Large living room with wood burning fireplace!
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: Virginia Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Virginia Ridge Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$452 | |
| Property Insurance | -$106 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$59
|
||
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.
$240,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.3% |
| 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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
5.83
YEARS SAVED
$18,751
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$1,428
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
8301 Juliette Drive Mckinney, TX 2
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,640
- $1.21
-
9212 Warren Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 2003
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,550
- $1.09
-
9108 Bedford Lane Mckinney, TX 3
- 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2002
LEASED 09/06/20- Rent
- Rent Per SQFT
- $1,695
- $1.08
-
904 Sussex Drive Mckinney, TX 4
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2002
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
-
8112 Raintree Drive Mckinney, TX 5
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2005
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488771
Last Updated: 12/19/2020
