Property Information

SOLD
2317 Park Row Street
2317 Park Row Street
McKinney, TX 75070
1995 built McKinney TX Home.
Square Feet1,534
Initial Market Value$129,500
Purchase Price$129,500
Downpayment$25,900
Loan Origination Fees$2,072
Depreciable Closing Costs$2,266
Other Closing Costs and Fixup$3,000
Initial Cash Invested$33,238
Cost per Square Foot$84
Monthly Rent per Square Foot$0.81
IncomeMonthlyAnnual
Gross Rent$1,250$15,000
Vacancy Losses($44)($525)
Operating Income$1,206$14,475
ExpensesMonthlyAnnual
Property Taxes($243)($2,914)
Insurance($74)($894)
Management Fees($109)($1,303)
Leasing/Advertising Fees($50)($600)
Association Fees$0$0
Maintenance($56)($675)
Other$0$0
Operating Expenses($532)($6,385)
Net PerformanceMonthlyAnnual
Net Operating Income$674$8,090
- Mortgage Payments($556)($6,674)
= Cash Flow$118$1,416
+ Principal Reduction$127$1,529
+ First-Year Appreciation$432$5,180
= Gross Equity Income$677$8,125
+ Tax Savings$26$310
= GEI w/Tax Savings$703$8,435
Mortgage InfoFirstSecond
Loan-to-Value Ratio80%0%
Loan Amount$103,600$0
Monthly Payment$556.15$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate5.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.21
Annual Gross Rent Multiplier9
Monthly Gross Rent Multiplier104
Capitalization Rate6.2%
Cash on Cash Return4%
Total Return on Investment24%
Total ROI with Tax Savings25%
Assumptions
Real Estate Appreciation Rate4%
Vacancy Rate4%
Management Fee9%
Maintenance Percentage5%
Comments
Directions: North on US Hwy 75 to Eldorado, travel up service road to Park View light, go left. Take Park View through North Brook stop, next street is Park Row

Very nice house, move in ready.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.