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Seller-Financed New Construction STR

901 Lindsey St, McKinney
ROI
23.50% IRR
Strategy
Short Term Rental
Seller-financed new construction STR. Less than a mile to downtown McKinney, just a few minutes from medical centers and Raytheon. Excellent terms for qualified buyers: 10-20% down with 6.5-7% interest. 1,761 sq ft 3 bed, 2 bath new construction. Includes all appliances. Modern finishes with low maintenance tile floors throughout. Seller will carry note at 7% interest with 10% down, or 6.5% interest with 20% down.

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Seller-Financed New Construction STR

Listed 11/29/2023

901 Lindsey St, McKinney

Purchase Price:$455,000

Cash Outlay:$110,100

Cashflow:$703/mo

Cap Rate:7.60%

IRR:23.50%

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