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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $222.29
- 2 Days on Market
- MLS # : 14526404
- Updated Date : 03/06/2021 at 21:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,687 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors Mckinney
Listing Agent's Description
Highly upgraded home with panoramic view of golf course, trees, creek & park from a prime cul-de-sac lot. Enjoy low maint lock & leave lifestyle & the upgrades in this rare gem with 16ft vaulted LA & master. Extensive hand scraped hardwoods, master bath remodel, 8ft solid core doors, plate glass windows, honeycomb window shades, dbl stacked crown moldings, epoxy coated 2.5 car gar, 3 ext Arlo sec cameras, NEST Wifi t-stat, August auto door lock, wired for sound, 30 x 16 cov patio. 3rd brm w hardwoods OR study has dbl French doors & shelved closet. Fridge, WD, gas grill & patio TV stay. Highly Rated Frisco ISD. Zero lot yet expansive view from 9 floor to ceiling windows. An unsurpassed combination of features!
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: Greens of Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greens of Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$706 | |
| Property Insurance | -$125 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$407
|
||
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.
$375,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.50%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
0.17
YEARS SAVED
$52
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,868
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
9400 National Pines Drive Mckinney, TX 4
- 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $1,870
- $1.11
-
9801 Hedge Bell Drive Mckinney, TX 1
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,775
- $1.08
-
9613 Palm Valley Drive Mckinney, TX 2
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2007
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,795
- $1.12
-
9504 Palm Valley Drive Mckinney, TX 3
- 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2007
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,850
- $1.17
-
212 Sparrow Hawk Mckinney, TX 5
- 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1997
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,900
- $1.06
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors Mckinney
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14526404
Last Updated: 03/06/2021
