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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $216.88
- 6 Days on Market
- MLS # : 14502270
- Updated Date : 01/19/2021 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,160 sqft
- Baths : 4 full
Listing Agent
Royal Realty, Inc.
Listing Agent's Description
New Grand Home in Craig Ranch with neighborhood fitness galore - miles of trails, beach volleyball, skate park, parks, playgrounds, baseball & soccer fields. Huge Fitness gym! Cooper Clinic. Frisco ISD. North facing home on MAY Completion. Open 4 bedroom home with vaulted family room, gameroom & media room wired for surround sound. Downstairs guest suite or home office. Full oak staircase has wrought iron railing, 8 foot tall doors downstairs, wood floors, Master Bath has free standing tub, granite vanities & pebble shower floor. Gourmet kitchen has Shaker cabinetry, granite slab tops, 5 burner gas cooktop & stainless appliances. Energy Star certified with R38, 16SEER & radiant barrier roof.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Craig Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Craig Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$2,380 |
| Property Tax | -$1,291 | |
| Property Insurance | -$210 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,145
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$685,330
PROJECTED PRICE
$2,860
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 2.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$183,612
LOAN DETAILS
$2,380
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $171,333 |
| Loan Amount | $513,998 |
-0.08
YEARS SAVED
-$10
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,852
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8705 Paradise Mckinney, TX 2
- 4 beds 4 baths ∙ 3,160 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,160 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,860
- $0.91
-
8312 Chickasaw Trail Mckinney, TX 1
- 4 beds 4 baths ∙ 3,355 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,355 Sqft ∙ Built 2009
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LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,600
- $0.77
-
8717 Stenson Street Mckinney, TX 3
- 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,206 Sqft ∙ Built 2016
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,900
- $0.90
-
6816 Royal Liverpool Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,031 Sqft ∙ Built 2017
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,950
- $0.97
-
6908 Royal Liverpool Drive Mckinney, TX 5
- 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2017
![property image]()
LEASED 05/02/20- Rent
- Rent Per SQFT
- $3,000
- $0.97
PROPERTY LISTING DETAILS
Royal Realty, Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502270
Last Updated: 01/19/2021
