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For sale 2 days ago

$660,000

5+ bd 3 ba 3924 sqft

XXX Lakewood DR, Mckinney, TX 75072

Residential SFR Occupied Off MLS

Current Rent **

$4,500

Projected Rent **

$4,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Dallas MSA, Mckinney, TX, Leaseback Opportunity with $18,000 in Pre-Paid Rent

Well-maintained & updated SFH with Leaseback Opportunity and Prepaid Rents. Property conveniently located near shopping, dining, and schools.

๐—”๐˜€๐—ธ๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ: $๐Ÿฒ๐Ÿฒ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ
5 BD / 3.5 BA
SF: 3924
Year built: 1991
Monthly Rent: $4,500
Total Seller Prepaid Rents: $18,000

Seller wants to stay as a tenant for 36 months.

๐—ช๐—ต๐˜† ๐—ฏ๐˜‚๐˜† ๐˜๐—ต๐—ถ๐˜€ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜†?
Property in excellent condition - No renovations needed
New electrical, new box

Tenant has Pets (3 dogs)

๐—–๐—ผ๐—บ๐—ฝ๐˜€:
912 Hills Creek Dr, McKinney, TX 75072 sold for $950K
911 Hills Creek Dr, McKinney, TX 75072 sold for $858,026
4304 Glenshire Ct, McKinney, TX 75072 sold for $798,608

๐—ฃ๐—ฟ๐—ฒ-๐—ฎ๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด ๐—”๐˜ƒ๐—ฎ๐—ถ๐—น๐—ฎ๐—ฏ๐—น๐—ฒ - ๐—”๐˜€๐—ธ ๐—›๐—ผ๐˜„!!

๐——๐—œ๐—ฆ๐—–๐—Ÿ๐—”๐—œ๐— ๐—˜๐—ฅ:
๐——๐—ข ๐—ก๐—ข๐—ง ๐—–๐—ข๐—ก๐—ง๐—”๐—–๐—ง ๐—ง๐—›๐—˜ ๐—ข๐—ช๐—ก๐—˜๐—ฅ/๐—ฆ๐—˜๐—Ÿ๐—Ÿ๐—˜๐—ฅ ๐—ช๐—œ๐—ง๐—›๐—ข๐—จ๐—ง ๐—ข๐—จ๐—ฅ ๐—˜๐—ซ๐—ฃ๐—Ÿ๐—œ๐—–๐—œ๐—ง ๐—–๐—ข๐—ก๐—ฆ๐—˜๐—ก๐—ง. ๐—”๐—ก๐—ฌ ๐—”๐—ง๐—ง๐—˜๐— ๐—ฃ๐—ง๐—ฆ ๐—ง๐—ข ๐—ฅ๐—˜๐—ก๐—˜๐—š๐—ข๐—ง๐—œ๐—”๐—ง๐—˜ ๐—ข๐—ฅ ๐—–๐—ข๐—ก๐—ง๐—”๐—–๐—ง ๐—ง๐—›๐—˜ ๐—ฆ๐—˜๐—Ÿ๐—Ÿ๐—˜๐—ฅ ๐—ช๐—œ๐—Ÿ๐—Ÿ ๐—ฅ๐—˜๐—ฆ๐—จ๐—Ÿ๐—ง ๐—œ๐—ก ๐—Ÿ๐—˜๐—š๐—”๐—Ÿ ๐—”๐—–๐—ง๐—œ๐—ข๐—ก

Location:

XXX Lakewood DR, Mckinney, TX 75072

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.