Morgan Properties Acquires Single-Family Rental In McKinney From Provident Realty Advisors
1999 Skyline Drive, McKinney, Texas 75071, United States
Units
136
Asset Type
—
Closing
May 3, 2022
About this deal
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.
Traded’s record for 1999 Skyline Drive, McKinney, Texas 75071, United States in McKinney, Texas covers a commercial sale from 2022. Reported inventory is 136 units across 136 units. Named participants on the 1999 Skyline Drive, McKinney, Texas 75071, United States sale are Mitchell Morgan. This page is the McKinney, Texas file for the 1999 Skyline Drive, McKinney, Texas 75071, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same McKinney sit in the Market section below. Filter that McKinney commercial set by closing date to see what else sold near 1999 Skyline Drive, McKinney, Texas 75071, United States around 2022. Cite this Morgan Properties Acquires Single-Family Rental In McKinney From Provident Realty Advisors sale when underwriting similar commercial product around McKinney, Texas.
McKinney CRE Market Snapshot
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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