Property Report : 4502 Courtside Dr. Mckinney Tx
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Executive Summary
Property Description
| Name | 4502 Courtside Dr. Mckinney Tx |
| Address | 4502 Courtside Dr, Mckinney |
| Type | Singlefamily |
| Size | 2098 SF |
| Rooms | 4 bed. + 2 bath. + 1 kitchens |
| Purchase Price | $ 127,000 |
| Rent | $ 1,350/month |
Financing Overview
| Purchase Price | $ 127,000 |
| Down Payment | $ 25,400 |
| Mortgage (30yr @ 5.50%) | $ 101,600 |
| Loan-to-Value (LTV) | 80.00 % |
| Closing Costs | $ 2,000 |
| Total Aquisition Cost | $ 130,500 |
Income, Expenses and Cash Flow (Year 1)
| Gross Operating Income (GOI) | $ 15,390 |
| Total Expenses | $ 3,041 |
| Net Operating Income (NOI) | $ 12,349 |
| Annual Debt Service | $ 6,922 |
| Rehabilitaion | $ 0 |
| Cash Flow Before Taxes (CFBT) | $ 5,427 |
| Income Tax Liability | $ 0 |
| Cash Flow After Taxes (CFAT) | $ 5,427 |
Financial Analysis
Holding period of 15 years and discount rate of 10% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore doesn’t provide such exact information.
| Net Present Value (NPV) | $ 83,056 |
| Internal Rate of Return (IRR) | 21.97 % |
| Cash on Cash Return | 18.78 % |
| Return on Equity (ROE) | 18.78 % |
| Capitalization Rate | 9.72 % |
| Gross Rent Multiplier (GRM) | 7.84 |
| Debt-coverage Ratio (DCR) | 2.34 |
| Operating Expense Ratio (OER) | 19.76 % |
Resale Analysis
| Sale Price in year 15 (Appreciation:1%) | $ 147,443 |
| Sale Proceeds (Before Tax) | $ 66,520 |
| Optimal Holding Period (based on NPV) | 30 years |
Property Description
Lovely home located in the desirable Legends of McKinney with shopping and Recognized schools in close proximity. Fresh paint and new carpet makes this home move-in ready! Versatile floorplan includes french doors to study (also listed as second bedroom). Large living areas, spacious kitchen & more
| Price | $ 127,000 |
| Address | 4502 Courtside Dr, Mckinney, 75070, TN |
| Country | US |
| Year Built | 1999 |
| Type | Singlefamily |
| Size | 2098 SF |
| Number of Bedrooms | 4 |
| Number of Bathrooms | 2 |
| Number of Kitchens | 1 |
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