SOLD
Morgan Properties Acquires Single-Family Rental In McKinney From Provident Realty Advisors
1999 Skyline Drive, McKinney, Texas 75071, United States
Building Size
—
Asset Type
—
Closing
May 3, 2022
AI
A single-family rental property located at 1999 Skyline Dr in McKinney was recently sold. The property consists of 136 units and was sold on 05/04/2022.
Summary of transation details
- Property Type: Single-Family Rental
- Transaction Amount: Not mentioned
The buyer of the property was Morgan Properties, represented by Mitchell Morgan. The seller was Provident Realty Advisors.
McKinney CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93