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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $176.43
- 1 Days on Market
- MLS # : 14508437
- Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,664 sqft
- Baths : 3 full , 1 half
Listing Agent
Ebby Halliday, Allen-fairview
Listing Agent's Description
WOW! Better than new! This gorgeous Perry Home finished in July 2019 with many elegant upgrades is move-in ready! The seller's excellent taste in colors and textures offers a finesse that is hard to find in new construction. Upgraded lighting, plumbing fixtures, and quartz countertops in the kitchen and bathrooms contribute to the beauty and functionality of the open floor plan. This home represents Trinity Falls at its best! Enjoy nature trails, a stocked fishing pond, community pools (one 3 blocks away), planned social and family events, or find respite on your extended 28x13 patio. The spacious backyard, hidden behind a stone wall, includes a new child play-center. One house from the site of a future park.
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
Zip Code: 75071
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75071
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$885 | |
| Property Insurance | -$181 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$398
|
||
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.
$470,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
0.67
YEARS SAVED
$1,578
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,597
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
905 Hubbard Creek Trail Mckinney, TX 2
- 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,664 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,500
- $0.94
-
8628 Backwater Bay Cove Mckinney, TX 1
- 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018
LEASED 09/23/19- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
8025 Deep Water Cove Mckinney, TX 3
- 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,786 Sqft ∙ Built 2017
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,650
- $0.95
-
7401 Clear Rapids Drive Mckinney, TX 4
- 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,796 Sqft ∙ Built 2018
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,700
- $0.97
-
816 Heron Creek Pass Mckinney, TX 5
- 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 2018
LEASED 12/03/20- Rent
- Rent Per SQFT
- $2,700
- $1.03
PROPERTY LISTING DETAILS
Ebby Halliday, Allen-fairview
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508437
Last Updated: 01/30/2021
