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9829 Pronghorn Road 
Mckinney, TX
75071
4 Beds 4 Baths 2,623 sqft
Built 2014
INVESTimate
$339,500
List Price
$95,718
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $129.43
- 2 Days on Market
- MLS # : 14420661
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,623 sqft
- Baths : 3 full , 1 half
Listing Agent
G+a Real Estate
Listing Agent's Description
Highly sought after, hard to find 4 bdrm 3.5 bath shows like a model! Exemplary Prosper ISD. Chefs kitchen features granite counters, SS appliances, gas range, island & breakfast bar. Kitchen is open to the dining & living areas. Spacious living room has cast stone fireplace and overlooks the backyard. Wood floors throughout entry, living, dining and master. Master includes suite bath with dual vanities, granite counters, separate shower & tub, & walk in closet w wood flooring. BRAND NEW roof, gutters, french drain, & fresh interior paint. Wrought iron staircase takes you upstairs to the game room & 3 bedrooms. Backyard patio has a beautiful pergola, stoned landscaping, and a wood fence. Community pool nearby!
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: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,253 |
| Property Tax | -$639 | |
| Property Insurance | -$179 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$135
|
||
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.
$339,500
PROJECTED PRICE
$2,330
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.96% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,718
LOAN DETAILS
$1,253
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,875 |
| Loan Amount | $254,625 |
6.58
YEARS SAVED
$31,875
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,400
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
9829 Pronghorn Road Mckinney, TX 5
- 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $2,330
- $0.89
-
405 Hideaway Drive Mckinney, TX 1
- 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2013
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LEASED 06/14/20- Rent
- Rent Per SQFT
- $2,198
- $0.87
-
10124 Sailboard Drive Mckinney, TX 2
- 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2012
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LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,295
- $0.93
-
10024 Long Branch Drive Mckinney, TX 3
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2017
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LEASED 01/03/20- Rent
- Rent Per SQFT
- $2,300
- $0.93
-
10128 Horseshoe Lane Mckinney, TX 4
- 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2013
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,300
- $0.93
PROPERTY LISTING DETAILS
G+a Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420661
Last Updated: 08/25/2020
