Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $142.24
- 4 Days on Market
- MLS # : 14507583
- Updated Date : 01/29/2021 at 13:12
CONSTRUCTION
- Beds : 4
- Floor Size : 3,445 sqft
- Baths : 2 full , 1 half
Listing Agent
Orchard Brokerage
Listing Agent's Description
Click the Virtual Tour link to view the 3D Matterport walkthrough. Immaculate home sited on a spacious cul-de-sac lot with mature trees, a 3 car garage, and an impressive brick covered entryway. The formal living room has gorgeous hardwoods, a bay window, and double crown molding. Home has a security camera system pre-installed. Formal dining with chandelier and chair rim walls. Family room with fireplace. The gourmet kitchen has granite counters with an island and breakfast bar, gas cooktop, and backsplash. The master suite has a luxurious master bathroom with whirlpool tub and 2 closets. Covered patio and saltwater pool in the private yard. Smart home controls for AC and lawn watering. Come and see today!
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: Gallery at Stonebridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gallery at Stonebridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,810 |
| EXPENSES | Loan Payment | -$1,702 |
| Property Tax | -$923 | |
| Property Insurance | -$226 | |
| HOA | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$210
|
||
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.
$490,000
PROJECTED PRICE
$2,810
PROJECTED RENT
0.57%
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
$135,600
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,500 |
| Loan Amount | $367,500 |
1.33
YEARS SAVED
$3,498
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,810
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,532
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
8501 Sea Pines Place Mckinney, TX 5
- 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,445 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,810
- $0.82
-
8708 Brook Hollow Drive Mckinney, TX 1
- 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2002
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.66
-
8804 Bear Creek Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 3,593 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,593 Sqft ∙ Built 2003
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,500
- $0.70
-
8804 Bent Tree Drive Mckinney, TX 3
- 4 beds 4 baths ∙ 3,523 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,523 Sqft ∙ Built 2006
LEASED 11/08/20- Rent
- Rent Per SQFT
- $2,700
- $0.77
-
8904 Brook Hollow Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,406 Sqft ∙ Built 2006
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,750
- $0.81
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507583
Last Updated: 01/29/2021
