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 : $122.84
- 1 Days on Market
- MLS # : 14494769
- Updated Date : 01/09/2021 at 23:45
CONSTRUCTION
- Beds : 5
- Floor Size : 3,704 sqft
- Baths : 4 full
Listing Agent
Capsol Homes
Listing Agent's Description
Pictures coming soon! Gorgeous home on oversized corner lot with 5 bedrooms, 4 baths and a huge game room that sits over the garage. Master has large bath with a huge walk in closet. Kitchen has double ovens, island, built in desk. Large walk in pantry and corian counter tops. 3 car split garage and mother-in-law suite with separate bath. Front and rear stairs. All appliances have Sear's service contract. New roof in 2017, all windows have solar screens. Access to Stonebridge amenities.
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: Fairway Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairway Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,750 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$857 | |
| Property Insurance | -$241 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$94
|
||
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.
$455,000
PROJECTED PRICE
$2,750
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.1% |
| 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
$126,325
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
3.33
YEARS SAVED
$13,293
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,750
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,759
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
8701 Red Oaks Drive Mckinney, TX 4
- 5 beds 4 baths ∙ 3,704 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,704 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,750
- $0.74
-
8804 Bear Creek Drive Mckinney, TX 1
- 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
-
15994 Trail Glen Drive Frisco, TX 2
- 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2012
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,695
- $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
-
7900 Linksview Drive Mckinney, TX 5
- 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,847 Sqft ∙ Built 2001
LEASED 08/28/20- Rent
- Rent Per SQFT
- $3,100
- $0.81
PROPERTY LISTING DETAILS
Capsol Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494769
Last Updated: 01/09/2021
