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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $141.46
- 2 Days on Market
- MLS # : 14483514
- Updated Date : 12/12/2020 at 10:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,651 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
Dreaming of a home? This one is strategically placed in McKinney, feeds into the sought after Frisco ISD, and surrounded by the beautiful greens of the Westridge Golf Course! It features a beautiful bright kitchen, a large pantry to die for, and plenty of space for entertaining. Cozy up by the wood-burning fireplace or enjoy the great outdoors underneath the covered patio. At the end of the day, indulge yourself in the primary bath's luxury garden tub full of soothing bubbles. Upstairs has two large secondary bedrooms, two FULL bathrooms, a game room with a murphy bed (can also be a 4th bdrm), and a cool balcony to enjoy a peaceful evening underneath the stars. Don’t just dream about it, make it a reality!
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: 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 | $2,350 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$706 | |
| Property Insurance | -$180 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$61
|
||
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
$2,350
PROJECTED RENT
0.63%
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
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
2.5
YEARS SAVED
$8,945
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,340
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9501 National Pines Drive Mckinney, TX 3
- 3 beds 4 baths ∙ 2,651 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,651 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $2,350
- $0.89
-
9517 National Pines Drive Mckinney, TX 1
- 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2008
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,195
- $0.89
-
9420 Deerhurst Place Mckinney, TX 2
- 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2013
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,300
- $0.87
-
9504 National Pines Drive Mckinney, TX 4
- 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2013
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
9513 National Pines Drive Mckinney, TX 5
- 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,643 Sqft ∙ Built 2008
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,400
- $0.91
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483514
Last Updated: 12/12/2020
